BERLIN, March 26 Reuters German consumer sentiment is expected to stay on its path of slow recovery in April, helped by fewer households seeing the need to save even as uncertainty about Germany39;s economic development still abounds, a survey showed on Tuesday.

The consumer sentiment index published jointly by GfK and the Nuremberg Institute for Market Decisions NIM rose slightly heading into April, to 27.4 from a revised 28.8 in March, beating a forecast by analysts polled by Reuters of 27.8.

A fivepoint fall in propensity to save, to 12.4, helped boost overall sentiment, said Buerkl, but the subindicator is still relatively high In the same period last year, it was 1.3.

The recovery in consumer sentiment is progressing slowly and very sluggishly, said Rolf Buerkl, NIM consumer expert.

Real income growth and a stable labour market are in themselves very good prerequisites for a rapid recovery in the consumer economy, but consumers still lack planning security and optimism about the future, added Buerkl in a statement.

A further decline in inflation and a clear political strategy for Germany39;s future development are the only way consumers can regain planning security and contribute to the recovery of Europe39;s largest economy, said the institutes.

APR 2024

MAR 2024

APR 2023

Consumer climate

27.4

28.8

29.3

Consumer climate components…