Germany December GfK consumer confidence -6.7 vs -4.9 expected

Author: Justin Low | Category: News

Latest data released by GfK - 26 November 2020

The tighter restrictions in Germany continues to weigh on consumer morale, with the headline reading dropping a little more than estimates.

GfK notes that while retail shops had been kept open so far, the closure of restaurants, bars and hotels clouded consumers' mood. Adding that:

"The hopes for a rapid recovery that arose in early summer have definitely been dashed. Only a noticeable decrease in infections and a relaxation of restrictions will bring more optimism again."
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