While the economic and income expectations suffered losses, the propensity to buy rose again. For November, GfK forecasts that the consumer climate will remain unchanged compared to the previous month at 10.6 points.

The mood of German consumers changed in October in comparison to the previous month. Economic and income expectations, which had continued to rise in September, are now falling. In contrast, the propensity to buy, already at a very high level, is further increasing. In the previous month it had been on a downward trajectory. Since the propensity to save is currently clearly in decline, the consumer climate remains unchanged.