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.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.
