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German Consumer Sentiment Fails to Improve

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German Consumer confidence remained unchanged November at 4.9 disappointing market expectations of a new cycle rise to 5.2. This was the first time in five months the GFK reading failed to meet or beat consensus forecasts suggesting that the buoyant recovery in Europe's largest economy may be starting to stall.

Although consumers were confident about improving labor conditions with economic expectations subcomponent rising to 56.0 from 53.5 they were less sanguine about income growth. Personal income expectations fell sharply to 36.0 from 45.2 the month prior. The data indicates that consumers may remain cautious during the key Christmas shopping season - a dynamic that could impinge on German growth in Q4 of this year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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