As of September 2023, the consumer confidence index in the German economy decreased to minus 25.5 points from the revised August value of minus 24.6 points. research company GfK.
Analysts surveyed by the DailyFX had expected a reading of minus 24.3 after the August first level of minus 24.4. It was noted that the indicator for August was at the lowest level of this year.
In addition, it was reported that the index of wage growth expectations decreased to minus 11.5 points in August from minus 5.1 points in July. Consumers’ willingness to buy decreased from minus 14.3 points to minus 17 points.
According to the company, the current economic expectations index in Germany fell to minus 6.2 points from 3.7 points compared to the previous month.
Before that, German Chancellor Olaf Scholz taken There is enough debt to overcome the crises of recent years and improve the economic situation in the country.
The Chancellor noted that he did not see that the country was on the verge of worse times.
It was previously reported that there was an economic crisis in Germany and France. accelerated.