Economic Buzz: Germanys Consumer Sentiment Hits A New Low

27 Jul 2022 , 02:35 PM

Germanys consumer sentiment has hit a fresh low in August as fears of an impending recession and high inflation dampened economic and income expectations, survey results from the market research group GfK showed. The downward spiral of German consumer sentiment does not come to an end in July due to rising inflation. While the propensity to buy has only suffered a slight decline, both economic and income expectations have once again fallen significantly. As a result, GfK is forecasting a decrease of -30.6 points in consumer sentiment for August 2022, down 2.9 points from July of this year (revised from -27.7 points). Powered by Commodity Insights