India, Jan. 29 -- German consumer sentiment is set to weaken in February, dampening hopes of a cautious recovery at the start of the year, survey data jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions showed on Wednesday.
The consumer climate index fell unexpectedly to -22.4 in February from revised -21.4 in January. The indicator was expected to rise to -20.5. "The Consumer Climate has suffered another setback and starts gloomy into the new year," NIM consumer expert Rolf Burkl said. "The few hopes of a cautious recovery that emerged after the rise in the previous month were dashed."
Burkl said a sustained recovery in the consumer climate is currently not in sight, especially as the infla...