BERLIN, April 25 Reuters German consumer sentiment is set to rise in May on the back of households39; brighter income expectations, continuing a path of recovery that has been slowgoing due to uncertainty about the country39;s economic development, a survey showed on Thursday.

The consumer sentiment index published jointly by GfK and the Nuremberg Institute for Market Decisions NIM rose to 24.2 heading into May from a slightly revised 27.3 in April.

That reading, the third increase in a row, beat the expectations of analysts polled by Reuters of 26.0 and marks a twoyear high, though sentiment still remains extremely low.

Income expectations were a bright spot, climbing 12.2 points to 10.7, boosted by falling inflation and rising wages.

Our analyses indicate that income expectations are primarily based on real income development. And the signals here are definitely positive, said NIM consumer analyst Rolf Buerkl.

The willingness to buy benefited only moderately from the jump in income expectations, rising 2.7 points to 12.6, as households put their money aside due to pronounced uncertainty about the economic development of Europe39;s biggest economy.

MAY 2024

APR 2024

MAY 2023

Consumer climate

24.2

27.3

25.8

Consumer climate components

APR 2024

MAR 2024

APR 2023

willingness to buy

12.6…