German consumer morale falls slightly heading into October
BRThe mood among German consumers worsened slightly heading into October but remains at one of the highest levels in more than a decade, a survey showed on Wednesday, suggesting that private consumption is likely to compensate for weakening exports.
The consumer sentiment indicator, published by the Nuremberg-based GfK institute and based on a survey of around 2,000 Germans, fell to 10.0 going into October. A Reuters poll had expected unchanged at 10.2.
Record-high employment, rising real wages and ultra-low borrowing costs are boosting the spending power of Germans.
GfK said the slight... read more