Prior -25.1; revised to -25.4The dark clouds continue to circle around Germany as we get into the new year, dashing any hopes of a recovery in the consumption sector. The unexpected dip here reaffirms a softer mood surrounding the German consumer, as high inflation and tighter financial conditions continue to weigh. GfK notes that:"If there were any hopes of a sustained recovery in sentiment, these were dashed in January. The consumer climate suffered a severe setback at the beginning of the year." This article was written by Justin Low at www.forexlive.com.
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