GfK's forward-looking consumer-sentiment index forecasts confidence declining to minus 36.5 in September. from a revised figure of minus 30.9 in August.
Consumer confidence in Germany is set to fall in September to an all-time low, as propensity to save increases amid fears of higher energy costs.
“The fear of significantly higher energy costs in the coming months is forcing many households to take precautions and put money aside for future energy bills,” GfK’s consumer expert Rolf Buerkl said. He explained that this is dampening consumer sentiment, as in return there are fewer financial resources available for consumption elsewhere.
The Germans’ propensity to save increased by a whopping 17.6 points in August, climbing to 3.5 points, the highest value in more than eleven years, GfK said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Montblanc makes time move backwards in thought-provoking shortGerman luxury goods maker Montblanc is inviting consumers to contemplate destiny in its latest campaign.
Consulte Mais informação »
Baz Luhrmann's 'Elvis' is Heading to HBO MaxThe movie drops on the streaming service this September.
Consulte Mais informação »
EUR/USD Signal: This Sell-Off is Not Done YetThe EUR/USD price dropped to a new two-decade low as concerns about the European economy.
Consulte Mais informação »
Amazon has a full slate of Apple Watch SE models on sale at new all-time high discountsEvery single Apple Watch SE model is on sale at new record low prices, which may have a little something to do with the impending arrival of a long overdue sequel.
Consulte Mais informação »
Apple expected to unveil new iPhones at 'far out' event on September 7CNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Consulte Mais informação »
Average new car prices set to hit record $46,259 in AugustThe average transaction price paid for a new car is expected to hit an all-time high of $46,259, according to J.D. Power, with monthly finance payments also at record levels.
Consulte Mais informação »