German consumer morale falls as outlook darkens
High food and energy prices weigh on shoppers' minds
29 August, 16:02
(ANSA-AFP) - FRANKFURT, AUG 29 - German consumers are heading
into September feeling more pessimistic than a month earlier, a
key survey showed Tuesday, as high food and energy prices and a
struggling economy weigh on shoppers' minds. Pollster GfK said
its forward-looking survey of around 2,000 people fell to minus
25.5 points for September, erasing the gains made last month
when the index climbed slightly to minus 24.6 points. Consumer
confidence in Europe's biggest economy "shows no clear trend" at
the moment but remains "at a very low level overall", GfK's
consumer expert Rolf Buerkl said in a statement. "The chances of
a sustained recovery in consumer sentiment before the end of the
year are dwindling," he added, blaming "persistently high
inflation rates, especially for food and energy". (ANSA-AFP).