Arab Today, arab today german consumer morale edges lower
Last Updated : GMT 15:50:29
Arab Today, arab today
Arab Today, arab today

German consumer morale edges lower

Arab Today, arab today

Arab Today, arab today German consumer morale edges lower

Consumers' willingness to spend has taken a knock from global economic conditions
Frankfurt - AFP

Consumer confidence in Germany is beginning to feel the heat from global economic risks, a poll found on Thursday.

"Optimism among German consumers faded somewhat in March," market research company GfK said in a statement.

"It is unlikely that weak demand for German goods in a number of key countries will not have any effect on German economic growth," the statement said.

Income expectations, as well as consumers' willingness to spend have also taken a knock, even if they remain at a high level overall.

Looking to April, GfK's headline household confidence index was forecast to ease fractionally to 9.4 points from 9.5 points, the institute said.

 

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