Macro

German household sentiment eases a little more heading into August

German household sentiment eases a little more heading into August. August consumer sentiment -29.6 vs -28.5 expected Prior -29.2; revised to -29.3 The German consumer climate remains gloomy heading into August as households remain cautious

Executive summary

German household sentiment eases a little more heading into August. August consumer sentiment -29.6 vs -28.5 expected Prior -29.2; revised to -29.3 The German consumer climate remains gloomy heading into August as households remain cautious

German household sentiment eases a little more heading into August

Lead German household sentiment eases a little more heading into August. August consumer sentiment -29.6 vs -28.5 expected Prior -29.2; revised to -29.3 The German consumer climate remains gloomy heading into August as households remain cautious

Context August consumer sentiment -29.6 vs -28.5 expected Prior -29.2; revised to -29.3 The German consumer climate remains gloomy heading into August as households remain cautious about spending amid more pessimism surrounding income expectations. While economic expectations may have improved (-6.3 from -8.7 previously), income expectations remain depressed (-14.5 from -12.2 previously). And the latter is still a cause of concern for German households at this stage, that especially with consumers being worried about how their finances will be impacted over the coming year. The more cautious behaviour…

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NIC · Impact scores

Global: 69 · Market: 70 · Urgency: 60 · Confidence: 90 · Neutral

Themes: macro

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