Euro crisis and energy prices weigh on German consumer climate in May
May 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The euro crisis and high energy prices have weighed on the German consumer climate and after a slight setback last month, consumer sentiment in Germany has again seen a decline in May. Both economic and income expectations, as well as the propensity to buy, are currently recording negative development. The overall indicator is forecasting a value of 5.5 points for June, following a value of 5.7 points in May.