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Germany November GfK consumer sentiment -28.1 vs -26.6 expected

Prior -26.5; revised to -26.7That's another poor reading as consumer morale is set to decline for a third month in a row heading into November, dashing any hopes of a potential recovery in household sentiment before the end of the year. GfK notes that: "The high prices for food are weakening the purchasing power of private households in Germany and ensuring that private consumption will not be a pillar of the economy this year." This article was written by Justin Low at www.fore... Read More

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Content Topics

Germany

November

Consumer

Sentiment

28

26 Expected

Forex

Posted: Oct 24 2023, 06:00

Author Name: forexlive

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