In view of the numerous interior and geopolitical uncertainties, the trade association Germany (HDE) does not expect the local consumer to improve the purchase mood: in the foreseeable future. “Signs of an early and noticeable recovery of private consumption” still existed “, the industry organization said on Monday, citing the current HDE consumption barometer for May.
The monthly index, which is based on the survey of 1,600 people on consumer -relevant topics, remained almost unchanged compared to the previous month. “Thus, the international trade policy developments initially have no additional negative effect on consumer mood, but at the same time the projects outlined in the coalition agreement of the new federal government do not trigger a noticeable optimism,” the HDE explained in a message.
The HDE consumption barometer only increases minimally
The continuing turbulence, which triggered the recent “erratic behavior” of the US government regarding international customs policy, as well as cautious forecasts for the German economy, not too much burdened the mood of the respondents. The expectations regarding the overall economy were only marginally below the value of April, the assessment of one’s own income development even improved easily. Overall, the recent events have so far led to “a more pessimistic view of consumers on the coming months”, the students summed up: inside.
In view of the right -wing income prospects, the inclination tendency also increased slightly. At the same time, however, the endeavor to create savings. “So additional income should not flow completely into consumption,” said the market researchers: inside.
Although the consumer barometer was minimally above the level of the previous year in the previous year in May, the HDE of the trade industry did not give any great hopes. “The latest trend in falling consumption restraint does not continue, but is weakening somewhat. There are still no signs of an early and noticeable recovery of private consumption,” emphasized the association.
The trade association takes on politics
In view of the current stagnation, the HDE appealed to politics to provide additional impulses. “The new federal government has to address this uncertainty that the new federal government will quickly boost the overall economy with its first measures. “It is due to the federal politics to quickly create growth perspectives, to let consumers look more optimistic into the future and to positively influence private consumption and thus the overall economy.”