GfK: German consumers became slightly more pessimistic

Concerns about economic activity increased and therefore consumer sentiment slightly worsened in Germany, but it cannot be detected in the volume of Christmas shopping.

The GfK Economic Research Institute announced on Friday that the forward-looking consumer sentiment index for December fell to 9.3 points from the 9.4 points in November. The index is declining for four months. The respondents are afraid that because of the continued immigration unemployment rate will rise, and people are less optimistic regarding the evolution of their income as well. (MTI)