Arab Today, arab today german consumers defy eurozone debt crisis
Last Updated : GMT 22:57:33
Arab Today, arab today
Arab Today, arab today

German consumers defy eurozone debt crisis

Arab Today, arab today

Arab Today, arab today German consumers defy eurozone debt crisis

Berlin - DW

German consumer confidence is holding up despite growing fears that the domestic economy may not remain unscathed by the euro debt crisis. But higher wages see people spending more for the time being. Confidence among consumers in Germany is set to rise slightly in July, the Nuremberg-based GfK research group reported on Tuesday in its forward-looking confidence index. The closely-watched barometer would rise to 5.7 points from 5.6 points in June, the survey maintained on the basis of a poll among 2,000 households across the country. \"The consumer climate is defying the intensification of the eurozone debt crisis, but sentiment is mixed,\" the GfK group said. It also pointed to a recent poll by the Ifo economic research institute which saw the business climate in Germany dropping to its lowest level in over two years. There are indeed growing fears that Germany will find itself increasingly sucked into the mainstream of the debt crisis. But for the time being, consumers are willing to spend even more than in the months before. Inflation kept at bay GfK researchers attributed the rise in consumer confidence to higher incomes which were offsetting the impact of the financial crisis. They also cited a low inflation rate and rapidly decreasing fuel prices which left more money to spend in people\'s pockets. GfK Economist Rolf Bürkl said a stable consumption level was conducive to warding off a recession in the country. Private consumption is still expected to rise by 1.0 percent in real terms throughout 2012. \"The situation of private households remains fundamentally positive not least because of low unemployment,\" Berenberg Bank Analyst Christian Schulz told Reuters news agency. \"Even if growth is dented in the upcoming summer months, robust consumption will make sure the decline won\'t be too big.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german consumers defy eurozone debt crisis Arab Today, arab today german consumers defy eurozone debt crisis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german consumers defy eurozone debt crisis Arab Today, arab today german consumers defy eurozone debt crisis

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday