According to Jinshi Data reports, German consumer confidence has fallen to its lowest level since May this month, due to declining income expectations, concerns about unemployment, and increasing worries about economic recession. High energy prices and an unfavorable global environment have affected consumer spending and manufacturing.
The German ruling coalition collapsed in early November due to disputes over public borrowing, and Trump’s tariff policy has brought new troubles. The European Commission has lowered its growth forecast, expecting the economy to contract this year. Surveys show that pessimism among Germans about the economy has risen for four consecutive months.
The weakening of consumer confidence may increase the likelihood of the European Central Bank cutting interest rates in December, although service prices remain high and policymakers are seeking to stimulate economic growth.
