Consumer sentiment in Germany dampened in July in reaction to the Eurozone debt crisis
Jul 26th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Following the positive development in the previous month, consumer sentiment in Germany has dampened in July in reaction to the Eurozone debt crisis, with drops in both economic and income expectations, according to GfK, the market research firm. There has been only a marginal drop in willingness to buy. The overall indicator is forecasting a value of 5.4 points for August, following a revised value of 5.5 points in July.