Survey finds conflicts, European economic weakness weighing on German consumers

We also have more stories about:
(click the phrases to see a list)





BERLIN — A closely watched survey shows German consumer confidence has fallen further amid concerns over conflicts in Ukraine and elsewhere and economic weakness across Europe.

The GfK institute said Friday its forward-looking consumer climate index for October dropped to 8.3 from 8.6 in September. A raft of measures that make up the index also fell, including consumers' willingness to buy.

Following a 0.2 percent contraction in Germany's second quarter, GfK says consumers believe "the ongoing tense geopolitical situation and economic weakness in a number of eurozone countries are likely to have a greater impact on the German economy in future."

The second-quarter contraction in Germany was largely responsible for the flat performance in the eurozone.

The poll of 2,000 consumers is conducted on behalf of the European Union's executive European Commission.

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528