GfK German consumer sentiment index improved in September

According to data published on the institute’s website on Thursday, the German consumer sentiment index for October rose to minus 22.3 points from minus 23.5 points the previous month. The average of experts’ expectations included only a minimal improvement of minus 23.3 points.

The income outlook index jumped to 15.1 points from 4.1 points the previous month, the lowest since March.

The economic expectations index for the next 12 months fell to the weakest level since January, to minus 1.4 points from 2.7 points.

The purchasing propensity index deteriorated for the fourth month, falling from minus 10.1 points to minus 11.6 points, the lowest since June 2024. Meanwhile, the saving propensity index strengthened modestly, from 15.8 points to 16.1 points.