Takko, Douglas - comment

According to German market research firm GFK, their widely tracked survey concluded that Consumer Confidence has not deteriorated further in October, but has remained stable (index has moved from -42.8 to -41.9 points). Consumers are expecting increased wages in the future, but uncertainty remains. Meanwhile, household expenditure has even risen slightly. However, GFK are stating that it is too early to consider this a change in trend.