Germany's consumer confidence declined further to a new record low in September as households started to build reserves to meet future energy bills, thus dampening the propensity to buy, results of the consumer climate study conducted by the market research group GfK showed Friday.
The forward-looking consumer sentiment index fell to -36.5 in September from -30.9 in August. The reading was forecast to fall moderately to -31.8.
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by Renju Jaya
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