Germany: Consumer sentiment expected to inch up in December
The GfK consumer climate index is forecast to rise to minus 40.2 in December from minus 41.9 in November.
The expected uptick in sentiment follows backward-looking data for November, which is released simultaneously and underpins the December expectation.
Looking at the November data, consumers became less pessimistic about the economy and their personal finances in the year ahead. This is likely connected with the governments decision to pay gas bills for all households in December and to cap gas and electricity prices next year. Less positively, consumers became slightly more pessimistic about their future spending intentions.