This means that the value is almost at the level of the previous month and almost the same with the stand a year ago. After the mood had brightened in the past few months, the upward trend has been interrupted for the time being.
Consumers continue to be cautious and plan to save increasingly in the coming weeks. The savings tendency increase accordingly, while the willingness to buy it only increases slightly and is still below the previous year’s level. This indicates that a noticeable recovery of private consumption is not to be expected at short notice.
The assessments of economic development also remain reserved. Consumers do not fear any new recession, but also do not expect significant growth in the coming months. However, they are much more optimistic about the development of their own income situation. This positive view could be related to the currently lower inflation and the sunken energy prices.
According to HDE, whether the stagnation of consumer mood marks the beginning of a negative trend depends on the Federal Government’s economic policy decisions and the geopolitical framework.
