HDE Consumer Barometer: Robust German economy: Can retail hope for the Christmas business?
Fuel discount and better economic data are stabilizing consumer sentiment. Consumers are looking more positively at the coming months. A ray of hope would be good for weak retail trade.
German consumer sentiment has improved slightly, according to the HDE-Konsumbarometer, which rose 1 point to 94.64 at the start of the Christmas shopping season. The index, calculated by Handelsblatt Research Institute for the Handelsverband HDE, is based on a survey of 1600 households and takes into account various factors such as economic expectations and income development.
The German economy grew by 0.2% in the third quarter, according to the Statistische Bundesamt, and economists expect further recovery in the fourth quarter. However, the labour market remains weak, with the Arbeitslosenzahl decreasing by 40,000 to 2.955 million in October, but still 800,000 higher than in spring 2019.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
