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Investing.com -- German consumer sentiment is expected to decline for the third consecutive month in September, according to a survey released Wednesday by the GfK market research institute and the Nuremberg Institute for Market Decisions (NIM).
The consumer sentiment index fell to -23.6 points from a slightly downwardly revised -21.7 points in August.
The September reading was worse than the -22.0 points forecast by analysts.
The survey indicated that German households are increasingly concerned about potential job losses and remain uncertain about inflation, factors that are weighing heavily on consumer mood.
This continued decline in consumer confidence suggests persistent economic challenges for Europe’s largest economy as it heads into the fall season.
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