Fall In German Consumer Confidence Damps Recovery Hopes

German consumer sentiment is set to weaken in February, dampening hopes of a cautious recovery at the start of the year, survey data jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions showed on Wednesday. The consumer climate index fell unexpectedly to -22.4 in February from revised -21.4 in January. The indicator was expected to rise to -20.5.

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