German consumer confidence is set to drop in October due to rising terror threat and the decision taken by the British public to leave the European Union, survey data from GfK showed Wednesday.
The forward-looking consumer sentiment index fell to 10.0 in October from 10.2 in September. The score was forecast to remain unchanged at 10.2.
Both economic and income expectations, as well as propensity to buy suffered losses in September.
The economic expectations index dropped 1.8 points to 6.8 in September. This was the third consecutive fall. It looks as if the Brexit decision from June has now started to have an impact, the research group said.
The income expectations index slid 5.7 points to 52.6. Nonetheless, the indicator remained above the 50-point mark.
Like income expectations, propensity to buy also declined slightly in September. The indicator fell by 4 points to 53.3 points.
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