Germany's consumer confidence is set to improve in November from a record low even in the midst of recession fears, survey results from the market research group GfK showed on Thursday.
The forward-looking consumer sentiment index rose to -41.9 in November, in line with expectations, from revised -42.8 in October.
It is too early to speak of a trend reversal in consumer confidence, said Rolf Bürkl, GfK consumer expert. The situation remains very tense.
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by Renju Jaya
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