Highlights
- German consumer confidence waned in January as inflation impacted income expectations.
- Willingness to spend indicators also flashed red, painting a grim picture of the German economy.
- Up Next, US personal income/spending and inflation warrant investor attention.
On Friday, the German economy was in focus early in the European session.
German GfK Consumer Climate Indicators Slide
On Friday, German consumer confidence was in the spotlight amidst expectations of a German recession through Q1 2024. The German GfK Consumer Climate Indicator declined from -25.4 to -29.7 for February. Economists forecast an increase to -24.5.
According to the January Read More
