German consumer confidence eased slightly heading into September, albeit remaining close to its highest level in nearly six years, as shoppers worried about creeping inflation.
GfK market research group said on Wednesday its forward-looking sentiment indicator, based on a survey of around 2,000 people, fell to 6.9 going in to September from 7.0 in the previous month, its highest level since before the global financial crisis.
That undercut the lowest forecast in a Reuters poll, for the index to hold steady at 7.0. A run of strong data from Europe’s largest economy over the past month had raised expectations and the mid-range forecast was for a rise to 7.1.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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