Germany September GfK consumer sentiment -25.5 vs -24.3 expected

  • Latest data released by GfK - 29 August 2023
  • Prior -24.4; revised to -24.6

German consumer sentiment looks to fall further in September, with GfK noting that "the chances that it can sustainably recover before the end of this year are dwindling more and more". Given the more subdued environment, GfK also says that private consumption is not likely to make any positive contributions to the overall economy in 2023 as a whole.

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