India, Aug. 27 -- German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday.
The forward-looking GfK consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
"With the third consecutive decline, consumer sentiment is now definitely in the summer slump," NIM Head of Consumer Climate Rolf Burkl said.
"Growing fear of job losses is causing many consumers to remain cautious about making major purchases," said Burkl. "This further dampens hopes for a robust recovery in consumer sentiment before the end of t...