German consumer confidence sank this month to its lowest level since May as income expectations slumped, reflecting increased concerns over job losses and fears of an impending recession.

German consumers are feeling more pessimistic heading into December due to growing uncertainty in Europe’s struggling top economy and concerns about employment, a key survey showed on Wednesday (Nov 27).

A key survey shows Germans preparing to tighten their belts rather than boost private consumption, the sector which provides half of the GDP in Europe's biggest economy. View on euronews