Germany December GfK consumer sentiment -23.2 vs -23.2 expected

• Prior -24.1

German consumer morale picked up a little heading into the holidays with GfK noting that “consumer sentiment is currently at almost exactly the same level as last year”. Adding that while it does “show a certain stability in consumer sentiment”, the flip side is that “it shows that consumers do not expect a drastic recovery in the short-term”. In terms of economic expectations, that is seen sliding back down to -1.1 from 0.8 in October.

This article was written by Justin Low at investinglive.com.