German consumer confidence slightly improved in March, with the forward-looking consumer sentiment index rising to -29.0 from -29.6.
German consumer confidence slightly improved in March, with the forward-looking consumer sentiment index rising to -29.0 from -29.6 in February. The increase is attributed to rising income expectations, though consumer uncertainty remains high due to inflation and a weak economic outlook. The overall economic growth forecast for 2024 has been revised down to 0.2% from 1.3%. A significant recovery in consumer spending is not expected until inflation and consumer uncertainty decrease.
February 27, 2024
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