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The atmosphere of German consumers has declined more than expected before the Christmas trade. The trade war and the faction over the exit of the British European Union have caused concern.
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The GFK consumer confidence index from the Nuremberg-based research institute fell 0.2 units to 10.4 in November. This can be compared to 10.6 in October and an average forecast of economists of 10.5.
The index is based on a survey of about 2,000 participants conducted from October 26th to November 9th.
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