GfK: consumer sentiment noticeably deteriorated in Germany
As a result of the intensifying coronavirus pandemic, consumer sentiment deteriorated markedly in Germany in October, according to a survey by the GfK Nuremberg Economic Research Institute on Thursday.
After a strong improvement in the summer months, the upward dynamics broke in September and Gfk’s consumer sentiment index turned to a noticeable decline. According to a survey conducted in the first half of October, in addition to deteriorating economic and income expectations of consumers, the willingness to buy also declined. (MTI)
Related news
Amazon stops offering Fresh home delivery in Germany
After seven years, US-based Amazon is to discontinue its Fresh…
Read more >
Seven In Ten Younger Consumers Use Self-Checkouts Regularly In Germany
A new study by KPMG and the EHI Retail Institute…
Read more >
German consumers save a record amount on sustainable food
The propensity to buy sustainable products in Germany has fallen…
Read more >
More related news >
Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
