Europe's refugee crisis is dampening consumer confidence in Germany, GfK market researchers said Wednesday while presenting their latest forward-looking monthly barometer for November.

The group said shoppers worried about the economic consequences of the huge influx of migrants for the domestic labor market.

"The good mood seen among consumers in recent months is slowly waning," GfK said in a statement, pointing out that its November barometer slipped to 9.4 points from 9.6 points in October.

Jobs at risk?

GFK expert Rolf Bürkl said a large proportion of respondents expected unemployment to rise in the months to come. The group's index worsened for the third month in a row, bringing the monthly index to the lowest level since February.

While the refugee influx weighed heavily in consumers' assessment of economic prospects in the country, only 8 percent of those polled expected drastic fallout from German carmaker Volkswagen's cheating scandal.

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