German consumer sentiment stabilizes with help of energy measures -GfK
BERLIN – German consumer sentiment is set to barely change in December as government energy measures help stabilize morale at a level that is just above a record low set two months earlier and still signals declining consumption, a GfK institute survey showed on Friday.
The institute said its consumer sentiment index rose to negative 40.2 heading into December from a reading of negative 41.9 in November, and below forecasts from analysts polled by Reuters of negative 39.6.
October marked the lowest reading in over a decade at negative 42.8.
A negative reading suggest a year-on-year drop in private consumption.
“The long-lasting fear of consumers regarding exploding energy pri…
Keep on reading: German consumer sentiment stabilizes with help of energy measures -GfK