German consumer morale to fall in September -GfK
German consumer sentiment is expected to decline in September due to decreasing income expectations and propensity to buy, hindering overall economic development and growth prospects in the country.
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Posted 8/29/2023, 6:01:01 AM
reuters.com
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German business morale deteriorated more than expected in August, falling for the fourth consecutive month as weak new orders and declining export expectations contribute to pessimism about the economy's recovery.
German consumer confidence is expected to decrease in September due to persistently high inflation rates and a lack of clear upward or downward trend in the consumption climate.
Consumer confidence is dropping despite a strong economy, leading to questions about the factors influencing sentiment.
German industrial orders fell more than expected in July, declining by 11.7% on a seasonally and calendar adjusted basis, due to a large order in the aerospace sector the previous month, indicating weakness in the global economy and high energy costs.
Consumer sentiment in the US fell for the second month in a row in September, reflecting concerns about the economy, even though Americans believe that inflation will continue to slow.