REUTERS/Michael Dalder Acquire Licensing RightsBERLIN, Aug 29 (Reuters) - German consumer sentiment is expected to fall in September, due to declining income expectations and propensity to buy, a GfK institute survey showed on Tuesday.
"The chances that consumer sentiment can sustainably recover before the end of this year are dwindling more and more," said GfK consumer expert Ralf Buerkl.
Persistently high inflation rates are hindering any improvement in consumer sentiment, said Buerkl.
The consumer climate indicator forecasts the development of real private consumption in the following month.
According to GfK, a one-point change in the indicator corresponds to a year-on-year change of 0.1% in private consumption.
Persons:
Michael Dalder, Ralf Buerkl, GfK, Maria Martinez, Friederike Heine Our
Organizations:
REUTERS, Rights, Reuters, Thomson
Locations:
Munich, Germany