German GfK consumer confidence for November falls to -30.8, missing expectations

The marginal miss matters less than the direction: German consumer sentiment is slipping again after what looked like stabilization, and the gap between forecast and outcome suggests expectations were leaning the wrong way. This feeds directly into the euro area's growth debate, where household spending is the missing piece. The open question is whether this is a one-month wobble or the start of a weaker trend into the year-end. Watch whether subsequent surveys confirm the deterioration or reverse it.