The November survey revealed troubling trends:
- Income expectations declined sharply, sliding by 17.2 points to -3.5 points, the lowest level since February 2024.
- Rising unemployment and a weak wage growth outlook impacted income expectations.
- Concerns about the labor market weighed on the willingness to buy indicator, which declined by 1.3 to -6.
- The pullback in income expectations led to a rise in the willingness to save indicator, reflecting reduced consumer spending intentions.
- Notably, the economic indicator declined by 3.8 points to -3.6 points, also the lowest level since February 2024.
Nuremberg Institute for Market Decisions (NIM) consumer expert Rolf Buerkl remarked on the November survey-based…
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