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German Consumers Grow More Cautious as Confidence Slips

German Consumers Grow More Cautious as Confidence Slips

German consumer sentiment edged lower for the first time in four months as households opted to boost savings, despite greater optimism surrounding their income prospects.
The consumer-climate index published by research groups GfK and the Nuremberg Institute for Market Decisions fell to minus 20.3 in its forecast for July, 0.3 points weaker than in June. Economists polled by The Wall Street Journal expected the gauge to be a stronger minus 19.0.
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