German Consumer Confidence for November Sinks on Weaker Income Prospects

Consumer confidence in Germany weakened for a third consecutive month in data for November, with respondents turning more to saving than spending as income expectations took a hit.

Germany’s forward-looking consumer-sentiment index forecasts confidence to fall to minus 28.1 in November, from minus 26.7 in October, according to data published Tuesday by market-research group GfK and the Nuremberg Institute for Market Decisions.