The GfK Consumer Climate Indicator for Germany rose to -18.3 for November 2024, up from -21.0 in October, marking the highest level since April 2022. This second consecutive improvement was driven by rising income expectations (13.7 vs 10.1) and an increase in the propensity to buy (-4.7 vs -6.9), reaching a near three-year high. Additionally, the tendency to save decreased slightly.

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