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German Consumer Optimism Falls

German Consumer Optimism FallsGerman Consumer Optimism Falls

A GfK Consumer Climate study for Germany for September 2015 has found that consumer optimism has fallen in September, much in line with a recent trend, NewsNow reported. Following a value of 9.9 points in September 2015, the overall indicator is forecasting 9.6 points for October. The three individual indicators, economic and income expectations as well as willingness to buy, are declining. The three indicators–willingness to buy, income expectations and economic expectations–also suffered losses this month. Economic expectations have declined the most. In light of the global economic risks, numerous flash points, and the recent sharp increase and largely uncontrolled influx of refugees, citizens apparently have increasing doubts regarding further economic development. The study found that the economic expectations of Germans continue to be on a downward trend. In September, the indicator dropped for the fourth time in a row. The decline of 10.2 points is significantly more pronounced than in August (-1.8 points). With a value of 6.4 points, the economic indicator is still slightly above last year’s level of 4.4 points.

Financialtribune.com