Berlin, September 2 (FFN) – Consumer sentiment in Germany worsened again in September, signaling a continued decline in consumer confidence. According to the latest survey by the German Retail Association (HDE), the consumer confidence index fell to 96.93 points in September, down from 97.70 points in August. This drop reflects growing pessimism among consumers, who are increasingly concerned about the economic outlook and their personal incomes.
Consumer Confidence Index Trends
| Month | Index Value |
|---|---|
| July 2024 | 98.15 points |
| August 2024 | 97.70 points |
| September 2024 | 96.93 points |
The survey highlighted that consumers plan to further cut back on spending, which could negatively impact the retail sector. The current macroeconomic environment is not conducive to private consumption, and no growth impulses are visible in the retail market. According to the HDE, a decline in economic performance by the end of the year cannot be ruled out.
Consumer Sentiment Index
| Month | Index |
|---|---|
| September 2024 | 96.93 points |
| August 2024 | 97.70 points |
After a slight improvement in the first half of the year, the growth trend has ended, and consumer sentiment has been declining since July. The consumer sentiment survey is conducted monthly by the retail association on a sample of 1,600 respondents.
Keywords: consumer sentiment, Germany, HDE, retail sector, macroeconomic environment, consumer confidence, pessimism, economic outlook, consumer spending
