German Consumer Confidence Set To Fall In May: GfK

Germany's consumer confidence is set to weaken in May as rising cases of infections and the subsequent tightening of restrictions dampened income expectations as well as the economic outlook, survey results from the market research group GfK showed on Wednesday. The forward-looking consumer sentiment index fell to -8.8 in May from revised -6.1 in April. The score was forecast to improve to -3.5.

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