Things are starting to look brighter in the economy. In the wake of the significant improvement in economic expectations, the income expectations of German consumers has recorded growth.The indicator currently stands at 13.5 points, which represents an improvement of almost 25 points on the value for the corresponding period of the previous year.Germans are beginning to spend and consume more, seen as essential for the economy otherwise dependant on and export-led recovery.

The rising economic optimism of Germans is the major reason why they are also assessing their income prospects somewhat more positively. In the current economic forecasts, experts are increasingly coming to the conclusion that unemployment is likely to develop more favorably than forecast a few months ago. This is having a correspondingly positive impact on income growth.