German consumer confidence clouds over in December | The Daily Star
12:00 AM, November 29, 2018 / LAST MODIFIED: 12:06 AM, November 29, 2018

German consumer confidence clouds over in December

The mood among German consumers is tipped to pall slightly in December, suffering a hangover from weaker third-quarter growth, a forward-looking survey predicted Wednesday.

Market research firm GfK's monthly barometer shed 0.2 points compared with November to reach an indexed 10.4.

"A phase of economic weakness has also left traces on the consumer mood in November," the pollsters commented on the survey of 2,000 people.

European powerhouse Germany suffered its first quarterly growth slowdown since 2015 between July and September, official data showed this month, as gross domestic product (GDP) shrank by 0.2 percent.

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