Stagnating German consumer confidence

The economic expectations among the German population have improved in October, while the earnings expectations for the development and the propensity to buy have declined.

Overall, consumer confidence remained unchanged in October, however the prior November data was under the analyst expectations – reported the GfK market research institute on Wednesday. The value of the German consumer confidence index in November, remains unchanged, compared to the revised 4.9 points of October, while the expectations were about 5.2 points improvement – reports ProfitLine.hu.