BERLIN: German consumer morale fell heading into November as fears about a second coronavirus wave that is hitting Europe’s biggest economy made Germans less willing to open their wallets, according to a survey.
The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, fell to -3.1 heading into November from a revised -1.7 in the previous month. The reading missed a Reuters forecast for a narrower drop to -2.8.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!