Instead of the expected improvement, consumer sentiment in Germany worsened
Instead of the expected improvement, the German consumer sentiment index for February of the GfK and NIM (Nürnberg Institut für Marktentscheidungen) market research institutes fell to an almost one-year low. Based on the results of the survey, according to economic researchers, no improvement in consumer sentiment can be expected for the time being.
According to a report published on the GfK website on Friday, the consumer sentiment index for February dropped from the previous month’s minus 25.4 points by 4.3 points to minus 29.7 points, instead of the expected improvement of minus 24.5 points. The March value of the index, published in February 2023, was last lower than this, at minus 30.6 points.
The unexpected deterioration of the index in February was primarily caused by the strengthening of consumers’ willingness to save. The indicator rose by 6.7 points to 14 points, the highest value since August 2008.
Related news
Cashierless smart shops in Germany: slow start followed by rapid growth
Germany has started late to adopt cashierless grocery formats, yet…
Read more >Kneipp Launches Pilot for Reusable Cosmetic Packaging in Munich
Starting in July 2025, natural health and personal care brand…
Read more >Lidl Announces Largest Price Reduction in Its History as Competitors Follow Suit
Lidl has unveiled the biggest price reduction in its corporate…
Read more >Related news
Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official…
Read more >Profitability of trade is decreasing – the government is opening up substantial resources
On May 28, Laurel Számítástechnikai Kft. held its 12th Retail…
Read more >Rules on meat products are getting stricter – a new concept is also included in the regulation
A new regulatory amendment has been proposed in Hungary: the…
Read more >