German Consumer Confidence Falls
German consumer sentiment weakened more than expected heading into October as rising energy prices soured household income outlooks. The sentiment index fell to negative 30.6 points. Meanwhile, willingness to save jumped to its highest level since the 2008 financial crisis.
Germany's consumer sentiment fell to -30.6 points heading into October, missing the -27.4 consensus estimate in a Reuters poll. The drop reflects mounting pressure from rising energy costs on household income outlooks. This reading signals persistent weakness in private consumption across Europe's largest economy.
