Germany GfK Consumer Climate Falls to -30.6 as Energy Costs Hit Income Expectations

Germany’s NIM Consumer Climate powered by GfK deteriorated sharply from a revised -26.8 to -30.6 for October, marking what the institute described as a “significant setback.” The main drag came from income expectations, which plunged from 1.7 to -15.0, their weakest level since April. NIM said households increasingly expect high energy prices to reduce purchasing […]

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