Germany April GfK consumer confidence 2.7 vs 7.5 expected
Latest data released by GfK - 26 March 2020
- Prior 9.8; revised to 8.3
That is an extremely sharp drop in consumer sentiment, as the headline reading falls to its lowest level since June 2009. But it doesn't come as much of a surprise as this stage as we are seeing unprecedented falls in economic sentiment everywhere due to the virus outbreak.