FX.co ★ German Consumer Sentiment Softens in November, Thomson Reuters IPSOS PCSI Shows

Germany’s consumer confidence edged lower in November 2026, according to the latest Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI), pointing to a slight weakening in household sentiment.

The PCSI reading for Germany dipped to 41.95 in November from 42.37 in October 2026, based on data updated on 12 November 2026. While the decline is modest, the movement suggests that German consumers have become marginally more cautious as the year progresses.

The Thomson Reuters IPSOS PCSI tracks households’ views on key aspects such as current and future financial conditions, job security and the broader economic outlook. The November downtick indicates that, at least for now, confidence remains subdued, with consumers showing no clear sign of a sustained rebound in sentiment.