German consumer sentiment stabilises heading into July, survey finds

BY Reuters | ECONOMIC | 02:00 AM EDT
       BERLIN, June 25 (Reuters) - German consumer sentiment
stabilised heading into ?July, as households' income
expectations improved, a survey found on Thursday.
    The ?consumer sentiment index, published by the Nuremberg
Institute for Market Decisions and the GfK market research
institute, showed sentiment rising to -29.2 points for July from
a revised -29.7 points in ?June.
    "Consumer Climate is currently stabilizing at a low level,"
said Rolf Buerkl, head of consumer climate at NIM.
    Income expectations are recovering only slightly,
willingness to buy remains in the pessimistic range, and the
willingness to save is not decreasing either.
    "There are therefore no signs yet of a return toward pre-war
levels," Buerkl said.
                                JUL 2026  JUN 2026  JUL 2025
 Consumer climate                  -29.2     -29.7     -20.0
 Consumer climate components    JUN 2026  MAY 2026  JUN 2025
 - economic expectations            -8.7     -11.2      20.1
 - income expectations             -12.2     -13.0      12.8
 - willingness to buy              -13.4     -13.2      -6.2
 - willingness to save              13.9      13.9      13.9
    * The survey period was June 4 to June 15, 2026.
    * An indicator reading above zero signals year-on-year
growth in private consumption. A value below zero indicates a
drop compared with the same period a year earlier.
    * According to GfK, a one-point change in the indicator
corresponds to a year-on-year change of 0.1% in private
consumption.
    * The "willingness to buy" indicator represents the balance
between positive and negative responses to the question: "Do you
think now is a good time to buy major items?"
    * The income expectations sub-index reflects expectations
about the development of household finances in the coming 12
months.
    * The economic expectations index reflects respondents'
assessment of the general economic situation over the next 12
months.


 (Reporting by Maria Martinez, editing by Thomas Seythal)

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