German Consumer Confidence Falls Slightly in November

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.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza