Germany’s Consumer Confidence Index Falls

For the first time in more than a year, Germany’s Consumer Confidence Index fell, catching most observers by surprise. Growing concern over higher energy costs and rising unemployment are forcing consumers to consider scaling-back on their purchases and this has been reflected in an index reading of 4 in November, down from a 4.2 index reading the previous month.

Bloomberg News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.