Consumer confidence in Germany is picking up somewhat from a previous historical decline due to the corona crisis, although German consumers still remain very pessimistic about the economy. Market researcher GfK announced it.
The index, which reflects consumer confidence in Europe’s largest economy, stands at minus 18.9 from an all-time low of minus 23.1. In a previous measurement that was a score of minus 23.4.
Germans are particularly concerned about unemployment from the crisis. The indicator is based on research among approximately 2000 respondents.