Highlights
- A decline in the GfK Consumer Climate Index for September, from -24.5 to -25.5 will raise ECB concerns.
- Rising food and energy prices and disappointing economic indicators fuel pessimism towards the German economy.
- Preliminary German inflation figures, retail sales, and unemployment numbers awaited with bated breath.
German GfK Consumer Climate
After a quiet Monday session, the German economy was in the spotlight again. The German GfK Consumer Climate Index drew interest as risks of a German recession continue to grow. German labor market conditions cushioned consumer sentiment in July.
The German GfK Consumer Climate Index fell from -24.5 to -25.5 for September. Economists forecast a decline to -24.3.
According to the August Read More