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Consumer sentiment reaches historic low
Consumer confidence in Germany deteriorated significantly in April for the second month in a row. Both economic and income expectations along with the propensity to buy have noticeably declined. As a result, GfK is forecasting -26.5 points for the consumer sentiment in May, a decrease of 10.8 points from April of this year (revised from -15.7 points). These are the findings of the GfK Consumer Climate Study for April 2022. As a result, consumer sentiment plunged to a new historic low, well below the previous record low set in the spring of 2020 during the first Corona lockdown. A noticeable increase in the propensity ... (full story)