Consumer sentiment in Germany fell to a record low

Since the beginning of the survey in 1991, no lower values have been measured throughout Germany.

Due to the increase in the cost of living, all sub-indices reflect a deteriorating assessment of the situation: economic expectations fell to minus 11.7 points from the previous minus 9.3 points, income expectations fell to minus 33.5 points minus 23.7 points and the willingness to buy and spend its index also fell to minus 13.7 points from minus 11.1 points. (MTI)