German consumer confidence set to worsen in July

The forward-looking survey published by pollsters GfK and the Nuremberg Institute for Market Decisions (NIM) dipped by 0.8 point to minus 21.8 points compared to a month earlier.

FRANKFURT, German y — German consumers are feeling more pessimistic heading into July , rattled by stubborn inflation and economic uncertainty, a key survey showed on Wednesday.The forward-looking survey published by pollsters GfK and the Nuremberg Institute for Market Decisions dipped by 0.8 point to minus 21.8 points compared to a month earlier.The drop surprised analysts surveyed by Fact Set who had predicted a fifth consecutive rise in consumer confidence in Europe's top economy.

The survey of some 2,000 respondents found that people were more downbeat than a month ago about their income prospects and the economic outlook, and were less likely to splash out on large purchases.The German coalition government's recent bickering over the 2025 budget has contributed to consumers' reluctance to open their wallets, Buerkl said.

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Consumer Confidence Set To Worsen In July

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