German consumer confidence is set to deteriorate in February under the strict lockdown restrictions, survey results from the market research group GfK showed on Wednesday.
The forward-looking consumer sentiment index dropped 8.1 points to -15.6 in February from -7.5 in January. The expected reading was -7.9.
"The closure of the restaurant trade and large portions of the retail sector in mid-December 2020 has had a similarly damaging effect on consumer spending as that of the first lockdown last spring," Rolf Bürkl, consumer expert at GfK, said.
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