BERLIN (Reuters) - German consumer sentiment is expected to fall in September, due to declining income expectations and propensity to buy, a GfK ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBERLIN - German consumer sentiment is expected to fall in September, due to declining income expectations and propensity to buy, a GfK institute survey showed on Tuesday.
"The chances that consumer sentiment can sustainably recover before the end of this year are dwindling more and more," said GfK consumer expert Ralf Buerkl.Since consumer sentiment is likely to remain at a low level in the coming months, private consumption will not make a positive contribution to overall economic development this year and will rather be a burden on growth prospects in Germany, the GfK said.
According to GfK, a one-point change in the indicator corresponds to a year-on-year change of 0.1% in private consumption.
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