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German consumer confidence to fall in November

Staff Writer | October 27, 2016
German consumer confidence is seen falling to lowest level in six months in November due to a weak outlook on global economic growth.
German export
Germany   The lowest level since April
GfK's forward-looking consumer confidence index declined to 9.7 points in November from 10.0 in October.

It marks lowest level since April and is the first time the index has reached below the 10-point mark since June.

GfK said the drop in consumer confidence is "a consequence of an external trade environment that has become increasingly difficult".

The market research firm added: "Furthermore, the numerous international trouble spots, some of which have also increased the risk of terrorism for Germany, have probably had a somewhat negative impact on consumer sentiment."