Germany's consumer confidence is set to weaken sharply in September amid deterioration in economic expectations and the propensity to buy as well as an inclination to save, survey data showed Thursday.
The forward-looking consumer confidence indicator dropped to -1.2 from a revised -0.4 in August, the market-research group GfK said. Economists had expected the index to fall to -0.7. The economic expectations indicator fell for a second straight month, but remained at a high level. The reading dropped to 40.8 from 54.6. The propensity-to-buy index eased to 10.3 from 14.8 in the previous month. Carefree shopping is still not a reality in light of mandatory mask use and distance rules as well as stronger rise in prices, the GfK said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.