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German consumers continue optimism despite country facing fresh recession

Aug 29, 2019 - City A.M.

GERMAN consumers remained surprisingly positive in August despite warnings that the shrinking economy that could be heading into a recession.

The consumer sentiment indicator, published yesterday by researcher GfK, held steady at 9.7 in August, the same as in July, suggesting that the German public will continue to support the stalling economy as unemployment stays low.

Yet there were signs of Germany's economic woes weighing on consumers, with the economic expectation indicator losi...