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2025-10-28 17:17:02
Has Germany's consumption engine stalled? Consumer confidence unexpectedly deteriorated. (1) Germany's GfK consumer confidence index unexpectedly deteriorated, defying market expectations for an upward trend. This was primarily due to weakening income expectations. (2) Data showed heightened consumer concerns about job security. Continued weak consumer sentiment may delay the recovery of private consumption. (3) Despite signs of improvement in the propensity to purchase, the propensity to save remained high, reflecting a cautious outlook for the economic outlook.
