Berlin (dpa -AfX) – The purchase mood of consumers remains behavior in March. This emerges from the consumer barometer of the Germany trade association.
The citizens are a little more open to purchases. At the same time, however, the tendency to save remain at the level of the previous month. “With a view to private consumption, consumers continue to behave and reserved,” said the industry association. A noticeable growth in the coming months is therefore not to be expected.
Income expectations have increased
The economic expectations would have been slightly clouded. Consumers looked a little more pessimistic about the upcoming weeks than in the previous month. However, they are more optimistic when it comes to further development of one’s own income.
The income expectations have increased and now at the level of the same month. “However, this also means that consumers do not count on large jumps in their available income and are not in sight to be a strong recovery of private consumption.”
The trade association interviews 1,600 people a month about their acquisition and savings tendency, financial situation and other factors that are relevant to consumption ./tob/dp/stk