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Tightened COVID-19 lockdown in Germany dampens consumer sentiment: GfK


Tightened COVID-19 lockdown in Germany dampens consumer sentiment: GfK
Xinhua
28 Apr 2021, 21:30 GMT+10
BERLIN, April 28 (Xinhua) Rising COVID-19 infection rates and tightened lockdowns were weighing on the consumer climate in Germany, according to a monthly study published by the Nuremberg-based market research institute GfK on Wednesday.
The forward-looking consumer sentiment index for May declined by 2.7 points compared to the previous month and remained negative at minus 8.8 points, according to the study based on monthly interviews of around 2,000 German consumers.
The recovery of the domestic economy will continue to lag due to the third wave, said Rolf Buerkl, GfK consumer expert, in a statement. ....

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