Survey: German consumer confidence remains stable
BERLIN — A survey has found that consumer confidence in Germany remains stable despite ever-increasing worries that the country's economy, Europe's biggest, will suffer from the debt crisis weighing on many other European countries.
The GfK research institute said Tuesday that its forward-looking consumer confidence indicator for September stands at 5.9 points — unchanged from the August reading.
The group says that consumers' economic expectations fell significantly for the third month in a row, but their income expectations and willingness to buy were only slightly lower. It says the overall indicator was propped up by a decline in consumers' inclination to save.
Germany's economy has been doing better than the 17-nation eurozone as a whole but there are increasing signs it isn't immune from the crisis, including falling business confidence.
The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.comments powered by Disqus