Consumer confidence in Germany appears to be faltering, as fears about Europe's sovereign debt crisis and the slowing economy dents household sentiment, a poll found on Monday.
German consumer sentiment has been hit by fears of inflation and an unsettled international environment, causing the first dip in an important confidence index in 10 months, the GfK institute said Tuesday.
German consumer and business confidence were at three-year high points on Tuesday and Chancellor Angela Merkel forecast that unemployment could fall below three million in Europe's biggest economy.
Record growth is lifting the spirits of Germany's traditionally cagey consumers, the GfK institute said Thursday as its household confidence index pointed to a sustained expansion of Europe's biggest economy.
German consumers are feeling upbeat following their country’s strong performance in the football World Cup, the warm summer weather and the good news from the job market, the GfK consumer climate study for July has found.
Germans worry the most among people living in European countries, particularly about unemployment, a new study by the GfK market research institute reported on Monday.
Despite the worst economic crisis since 1945, German consumers are ever more confident in the future and increasingly willing to part with their hard-earned cash, a closely-watched survey said on Monday.
The global economic crisis hasn’t affected the German psyche much until now, but a new study released on Friday shows fears about the recession and job loss have surged dramatically.
German consumer confidence is resisting a deep recession in Europe's biggest economy but could still be done in by rising unemployment, the latest survey by the GfK research institute showed on Monday.
German consumer confidence has hit its lowest level since June 2003, a leading survey showed on Monday, as benefits of increased employment and wages were "demolished" by inflation.
