German consumer confidence is set to continue its downward trend in November on weaker income expectations, survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday.
The consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.
The decline in income expectations was the reason for the renewed decrease in consumer climate. There were slight increases in economic expectations and the willingness to buy.
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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.