Daily Journal masthead

Survey: German consumers remain optimistic but showing signs of worry about Greek situation

bug
Share/Save/Bookmark

BERLIN — A closely-watched survey indicates German consumers remain optimistic but are showing signs of worry about the country's economic situation amid uncertainty about Greece's financial future.

The GfK research group said Wednesday that its forward-looking consumer climate index remained unchanged at 10.1 points for August from July.

PHOTO: German Economy Minister and Vice Chancellor Sigmar Gabriel raises his arms as he chairs the weekly cabinet meeting at the chancellery in Berlin, Wednesday, July 29, 2015. (AP Photo/Ferdinand Ostrop)
German Economy Minister and Vice Chancellor Sigmar Gabriel raises his arms as he chairs the weekly cabinet meeting at the chancellery in Berlin, Wednesday, July 29, 2015. (AP Photo/Ferdinand Ostrop)

But the survey of 2,000 consumers showed a significant drop in economic expectations, which fell by 6.5 points in July and have lost almost 20 points in two months.

The GfK report says "consumers apparently assume that the hard-won solution in the debt dispute with Greece will have negative consequences on the German economy." It added crises in Ukraine, Russia and the Mideast may also be curbing the outlook.

Income expectations rose 1.4 points, however, backed by "exceedingly good domestic conditions" including low unemployment.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.