Consumer mood in the first survey since the German federal elections is not sending clear signals. Both economic expectations and propensity to buy are on the rise in Germany. In contrast, income expectations fell for the second time in a row. GfK forecasts a slight decrease in consumer climate for November of 0.1 points in comparison to the previous month to 10.7 points.

Even in late fall, consumers estimate that the German economy is clearly continuing to grow. Economic expectations are rising sharply in October, with August's setback a distant memory. Additionally, propensity to buy more than makes up for last month's struggles. However, income expectations fell for the second time in a row but are still at a very good level.