India, July 24 -- German consumer confidence is set to weaken in August due to lower income expectations and a greater willingness to save, latest results of the NIM Consumer Climate powered by GfK showed Friday.
The forward-looking consumer climate index fell unexpectedly to -29.6 in August from -29.3 in the previous month. The score was seen at -28.7.
After improving steadily over recent months, income expectations eased slightly once again. The indicator dropped 2.3 points to -14.5. Consumers took a pessimistic view of their financial situation over the coming twelve months.
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