HDE: Best consumer sentiment in two years

Information

According to a survey by the German Retail Association (HDE), consumer sentiment in Germany continues to improve in July, continuing the positive trend of the past four months. The association cites the low incidence rates and the easing of the Corona measures as reasons. According to the HDE consumption barometer, the index thus rises to its highest level in more than two years. The willingness to increase private spending was also related to improved income expectations; at the same time, the propensity to save had increased compared to the previous month. However, uncertainties remained, which were due to the spread of virus variants and production problems at vaccine suppliers.

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