Consumer Climate: War with Iran Weighs on Consumer Sentiment

Nuremberg, 26 March 2026 – The war in Iran is dampening consumer sentiment. According to consumer expectations, the Consumer Climate indicator for April 2026 decreases to -28.0 points. This represents a decrease of 3.2 points compared with the previous month (revised to -24.8 points). Whilst no significant effects are yet visible in terms of the willingness to buy or save this month, income expectations are noticeably dampened because of inflation fears. This is shown by the latest results of the NIM Consumer Climate powered by GfK, which has been published jointly since October 2023 by the Nuremberg Institute for Market Decisions (NIM), founder of GfK, and NIQ/GfK.

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