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Fourth wave and inflation hit consumer sentiment
Consumer confidence in Germany deteriorated noticeably in November. Both economic and income expectations along with a propensity to buy have declined, in some cases significantly. Since the propensity to save has also increased, GfK is forecasting a -1.6 points drop in consumer sentiment for December, down 2.6 points from November of this year (revised from 1.0 points). These are the findings of the GfK Consumer Climate Study for November 2021. After two successive increases, consumer sentiment decreases noticeably, falling to its lowest level in six months. The measurement in June of this year was -6.9 points. ... (full story)