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German consumer sentiment slips on inflation fears, survey shows
Rising inflation worries and weaker income prospects kept willingness to buy low, while economic expectations improved for a sixth straight month, survey data showed.
Summary
German consumer sentiment is set to slip marginally heading into November, a survey showed on Wednesday, amid growing inflation and subdued income prospects. The consumer sentiment index, published by the Nuremberg Institute for Market Decisions (NIM) and the GfK market research institute, fell to -30.8 points for November from -30.6 in October, slightly better than the average estimate of -30.9 in a Reuters poll of analysts.