Survey: German consumer sentiment during the coronavirus crisis

Despite new lockdowns, optimism increased among Germans, with more expecting the economy to bounce back soon.

In Germany, the prevailing sentiment is uncertainty over how long COVID-19 will persist and its impact on the economy. They expect that the impact on their routines will last longer, with half of the Germans expecting routines to be impacted until July 2021. While fewer experienced negative impact on savings and incomes, the spend intent on most categories is still negative. German consumers have adopted new behaviors to save more money and spend more mindfully. They expect to continue to make steady shifts to online shopping, and many expect to continue using services adopted during COVID-19. Consumers are most eager to return to meeting with friends and family but remain cautious about activities that involve crowds.

These exhibits are based on survey data collected in Germany from November 9–16, 2020. Check back for regular updates on German consumer sentiments, behaviors, income, spending, and expectations.

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