German consumer morale dipped slightly going into December amid concerns over the euro zone crisis and global growth but still-solid domestic demand should help Europe’s largest economy avert recession, market research group GfK said on Monday.
The forward-looking consumer sentiment indicator, based on a survey of around 2,000 Germans, eased to 5.9 heading into December from a downwardly revised 6.1 in November, the same level as in October.
December’s reading was below expectations in a Reuters poll of 24 economists for a level of 6.2.
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