German Consumers Feel Ever Gloomier as Economy Slumps
The mood among German consumers continues to darken as the pressures besetting Europe's largest economy take their toll on sentiment.
A consumer-climate index published Wednesday by research groups GfK and the Nuremberg Institute for Market Decisions worsened for the third month in a row, falling to minus 23.6 in its forecast for September, down 1.9 points on August. Economists polled by The Wall Street Journal had expected the gauge to be stronger at minus 21.5.
"Consumer sentiment is now definitely in the summer slump," NIM's Rolf Buerkl said.
Concerns around unemployment...
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