That means all-time low.
Buying mood in Germany drops to all-time low – Consumer sentiment in Germany has reached an all-time low due to the high cost of living. The consumer barometer of the German Retail Association (HDE) fell for the third month in a row, reaching a value of 84.14 points in October, the association announced on Tuesday. The value had already fallen to 90.53 at the beginning of the Corona crisis in April 2020 but then temporarily rose again to more than 100.
Consumer pessimism is expected to have a “negative impact on private consumption in the coming months,” the association said.