German Consumer Confidence Rises, Despite Pessimism Over Economy

German consumers are experiencing a sense of reassurance as inflation declines and wages increase, according to a monthly survey. Despite this, there is still lingering pessimism about the future economic outlook. A forward-looking index forecast predicts that German consumer confidence will improve by 2.7 points, reaching minus 18.3 points in November. This is a more optimistic prediction compared to previous expectations of minus 20.5 points. The survey results suggest a modest recovery in consumer sentiment amid challenging economic conditions.