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German consumer confidence drops to -24.7 in March, hit by income fears and higher prices.
German consumer confidence is set to decline in March, with the consumer sentiment index dropping to -24.7 from -22.6 in February.
This fall is mainly due to reduced income expectations and a decline in willingness to buy, despite some optimism about the economic outlook over the next twelve months.
Factors contributing to the decline include higher prices and political uncertainty.
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La confianza de los consumidores alemanes se reduce a -24.7 en marzo, afectado por los temores sobre los ingresos y los precios más altos.