Germany

German Consumer Confidence Hit Six Year High in August

Looks to fall in September

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Sentiment among German consumers is set to ease marginally heading into September after reaching a six year-high in August, with households expecting the economic recovery to be sluggish in the coming months, a survey bymarket research group GfK revealed Wednesday.

The forward-looking consumer confidence indicator for September slipped to 6.9 from a six year high of 7 in August. The outcome defied expectations for an increase in the indicator to 7.1.