German consumer morale falls slightly heading into October

German consumer morale falls slightly heading into October
 

BRThe mood among German consumers worsened slightly heading into October but remains at one of the highest levels in more than a decade, a survey showed on Wednesday, suggesting that private consumption is likely to compensate for weakening exports.
The consumer sentiment indicator, published by the Nuremberg-based GfK institute and based on a survey of around 2,000 Germans, fell to 10.0 going into October. A Reuters poll had expected unchanged at 10.2.
Record-high employment, rising real wages and ultra-low borrowing costs are boosting the spending power of Germans.
GfK said the slight... read more

 
28 September 2016 in Business, Views: 33
Source: Reuters
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