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A survey showed that German consumer sentiment improved for the second month in a row as April approaches, supported by easing lockdown measures at the start of March, but a recent decision to extend restrictions has caused uncertainty around expectations.
The GFK Research Institute said its consumer sentiment index, based on a survey of nearly 2,000 Germans, rose to -6.2 from a revised -12.7 level in March.
It was the best result since November, when partial isolation measures began to contain the second wave of infections, and it definitely exceeds Reuters’ expectations of -11.9.
Income expectations jumped to 22.3 points, compared to 6.5 points in the previous month. This is in line with a survey by IFO and the Randstad Recruitment Company, which showed that most personnel managers in German companies expect wages to rise in 2021.
The survey was conducted from the third of March to the fifteenth of it, before the German authorities extended the general isolation measures to April 18 and temporarily suspended the vaccination with the AstraZeneca vaccine following reports of serious side effects.
