Deteriorating consumer sentiment in Europe's largest economy
According to the survey of GfK; The euro zone's financial crisis and the weakening euro start to impact on the consumer mood in Europe's largest economy, Germany.
Thus, the consumer sentiment index of June, decreased to 3.5 points from the revised 3.7 points of May. The Germans fear that their savings will lose their value if the euro falls, or inflation begins to accelerate – reports AFP.
According to Carsten Brezski, ING's chief economist; in the year's first quarter, the German household saving rate has increased to the highest level since 1993 – reports Világgazdaság Online, after AFP.
Related news
Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >