Tuesday, 27 March 2012

German Confidence Drops On Higher Fuel Costs

German consumer confidence dropped for the first time since September last year, indicating that higher energy and particularly fuel prices are increasingly making German consumers anxious. Today's GfK indicator dropped to 5.9, from 6.0. Looking at the March details shows that consumers are still optimistic about the economic outlook but have lowered their income expectations and willingness to buy.

by Carsten Brzeski, Senior Economist, ING Belgium


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