Germany’s Gfk consumer sentiment falls to -20.3, mood sours slightly as precautionary saving picks up

German consumer sentiment slipped slightly in July, with the Gfk index easing from -20.0 to -20.3, missing expectations of a recovery to -19.0. The drop came despite a strong rebound in the economic expectations component, which surged seven points to 20.1—its highest since the early stages of the Ukraine war. Income expectations also improved for […]

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