German consumer confidence in December is set to ease for a foruth straight month, though at a less-than-expected pace, as the high influx of migrants raise fears of unemployment and thus hurt economic and income expectations, results of a survey by GfK showed Friday.
The forward-looking consumer confidence index dropped to 9.3 from 9.4 in November. Economists had expected a score of 9.2.
The economic expectations index shed 2.4 points to -5.3. The latest decline was much lower than in the previous two months when losses of more than 9 and 10 points were recorded, GfK said. The indicator has consolidated its position in the negative value range, remaining under its long-term average of 0 points, it added.
The survey also showed that just under 40 percent of German citizens in November expected unemployment to rise in the near future, while only 8 percent of respondents estimated that it would fall.
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