By Ed Frankl Consumer confidence in Germany weakened for a third consecutive month in data for November, with respondents turning more to saving than...
Consumer confidence in Germany weakened for a third consecutive month in data for November, with respondents turning more to saving than spending as income expectations took a hit.
It comes after consumer confidence in the eurozone as a whole also fell for the third-straight month in data published on Monday. Inflation ticked down to 4.5% in September, from 6.1% in August, although it remains well above the 2% target set by the European Central Bank. Food inflation, meanwhile, was still high at 7.5%, albeit slowing from 9.0% in August. The ECB meets this week, with economists near unanimous in expecting policymakers to hold the key rate at 4.0%
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