Shock Decline in German Consumer Confidence - What's Next for the Economy?

Consumer sentiment in Germany unexpectedly worsened in July, interrupting the recovery of the previous four months. Expectations for economic development, personal incomes, and the desire to buy weakened as the propensity to save increased.

The latest survey by the German GfK Institute, conducted among about 2,000 consumers between May 30 and June 10, 2024, revealed this downturn....