German consumers have become less optimistic this August. The consumer climate suffered a setback. Following a revised value of 8.9 points in August, the overall indicator is forecasting 8.6 points for September. When compared with the previous month, both income expectations and willingness to buy have fallen slightly, while economic expectations completely collapsed in light of the intensified state of international affairs. The escalation of the situation in Iraq, Israel and Eastern Ukraine as well as the gradually accelerating spiral of sanctions in Russia have now also had a negative impact on the previously ... (full story)