Germany November GfK consumer sentiment -28.1 vs -26.6 expected | Forexlive

• Prior -26.5; revised to -26.7

That’s another poor reading as consumer morale is set to decline for a third month in a row heading into November, dashing any hopes of a potential recovery in household sentiment before the end of the year. GfK notes that: “The high prices for food are weakening the purchasing power of private households in Germany and ensuring that private consumption will not be a pillar of the economy this year.”