Consumer confidence in Germany is set to weaken further in November reinforcing fears of a recession as private consumption is unlikely to be a pillar of the economy, survey results published jointly by GfK and the Nuremberg Institute for Market Decisions, showed on Tuesday.
The consumer climate index fell to -28.1 in November from a revised -26.7 in the previous month. The reading was worse than the economists' forecast of -26.6.
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by Renju Jaya
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