German Consumer Confidence to Hold Steady in September
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German consumer confidence will hold steady in September as rising household incomes offset concerns that the economy will enter recession, GfK SE said.
The market research company in Nuremberg forecast today that its consumer-sentiment index, based on a survey of about 2,000 people, will remain at 5.9 next month. The last time the index was higher was when it reached 6 in March last year. Economist predicted a decline to 5.8, according to the median of 25 estimates in a Bloomberg News survey.