Germany's retail sector's business sentiment declined in September, mainly due to economic policy uncertainty.
Germany's retail sector faced a decline in business sentiment in September, according to the Ifo Institute survey. Retailers reported a more negative current situation and growing concerns for the future, primarily due to economic policy uncertainty, which is dampening consumer spending. The outlook for the remainder of 2024 appears bleak, with expectations of limited growth in private consumer spending and potential impacts on overall economic growth.
October 07, 2024
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