2022-11-25 07:36:38

German Consumer Confidence To Rise In December

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RTTNews
By Renju Jaya

German consumer confidence is set to rise moderately in December, survey results from the market research group GfK showed on Friday.

The forward-looking consumer confidence index rose to -40.2 in December from -41.9 in November. The reading was expected to improve to -39.6.

Consumers' long-standing fears of skyrocketing energy prices eased somewhat, which had a positive impact on consumer sentiment, Rolf Brkl, GfK consumer expert said. Despite the improvement, the consumer climate situation remains tense.

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