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Downward trend in German consumer climate has come to an end for now
The mood of German consumers improved again slightly in October. The downward trend in the consumer climate has therefore come to an end. Following a revised value of 8.4 points in October, the overall indicator is forecasting 8.5 points for November. Income expectations and willingness to buy have increased slightly, while almost no change was recorded in economic expectations. In October, German consumers were evidently less affected by the continued problematic geopolitical situation and the resultant economic slowdown than they had been in the previous month. Following moderate declines in the previous month, ... (full story)