Consumer sentiment in Germany has taken a significant hit this month due to rising unemployment, more insolvencies and a poor economic outlook, according to the latest data published on Tuesday by two consumer research institutes. In the September forecast, from GfK and NIM, the consumer climate index now only reaches minus 22 points, a deterioration of 3.4 points, the institutes reported. Before the coronavirus pandemic, the index had been comparatively stable at around plus 10 points. Expectations regarding income and economic growth have declined, along with consumer spending, while savings…