After an overall stable development in the previous month, consumer sentiment in Germany suffered another setback in August. Both economic and income expectations have been declining, along with the propensity to buy. As a result, GfK is forecasting -25.5 points in consumer sentiment for September, down 0.9 points from August of this year (revised -24.6 points). These are the findings of the GfK Consumer Sentiment Study for August 2023. Above all, declining income expectations and a declining propensity to buy result in the consumer sentiment losing its gains from the previous month and thus continuing its stagnant ... (full story)