Eurozone debt crisis weakens German consumer confidence
May 26th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The crisis surrounding government debt in the Eurozone and discussions about the stability of the euro have unsettled German consumers and put a slight damper on the present consumer climate. Both economic and income expectations have significantly decreased. In contrast, the propensity to buy has only recorded a relatively small decline. The overall indicator is forecasting a value of 3.5 points for June 2010, following a revised value of 3.7 points in May.