Conflicts weighing on German consumer confidence



Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) — A closely watched survey shows German consumer confidence has fallen further amid concerns over conflicts in Ukraine and elsewhere and economic weakness across Europe.

The GfK institute said Friday its forward-looking consumer climate index for October dropped to 8.3 from 8.6 in September. A raft of measures that make up the index also fell, including consumers' willingness to buy.

Following a 0.2 percent contraction in Germany's second quarter, GfK says consumers believe "the ongoing tense geopolitical situation and economic weakness in a number of eurozone countries are likely to have a greater impact on the German economy in future."

The second-quarter contraction in Germany was largely responsible for the flat performance in the eurozone.

The poll of 2,000 consumers is conducted on behalf of the European Union's executive European Commission.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast