India, Oct. 28 -- German consumer confidence is set to weaken in November due to rising inflation concerns and subdued income prospects, survey data from the Nuremberg Institute for Market Decisions and the GfK market research institute showed Wednesday.
The forward-looking consumer climate index fell slightly to -30.8 in November from -30.6 in October. The reading was expected to improve to -30.1.
Economic expectations improved for the sixth consecutive month in October and the willingness to save decreased moderately, while the willingness to buy continued to decline slightly. Income expectations weakened somewhat since September.
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