28 November 2011, 17:58 German consumer sentiment improves in December
German consumer sentiment is set to improve in December, survey data from the market research group GfK revealed Monday.
The forward-looking consumer confidence rose to 5.6 points from a revised value of 5.4 points in November. The index stayed well above the expected reading of 5.2 points.
While there was a considerable improvement in the willingness to buy, economic and income expectations recorded a decline in November. The economic expectations dropped 1 point in November to -7.2 points.
An index for income expectations slipped 5.4 points to 31.1 points in November. The decline was led by weaker economic prospects. Despite a fall in income expectations, the willingness to buy climbed 9.1 points on the previous month to 40.3 points.
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