German consumer climate stable despite austerity package discussions
Jun 23rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Following the slight decline in the previous month, the consumer climate in Germany is forecast to stabilize once again in July. A marked rise in consumers’ propensity to buy is currently being observed. However, discussions about increasing financial strain as a result of the upcoming austerity package are unsettling consumers, and positive reports on the economic situation and labour market are doing little to change this. Correspondingly, income expectations have suffered a considerable decline in June. The overall indicator is forecasting a value of 3.5 points for July, following the same value of 3.5 points in June.