The mood among German shoppers deteriorated unexpectedly heading into January, with consumers scaling back their personal income expectations and pessimism over the economic growth outlook
BERLIN - The mood among German consumers deteriorated unexpectedly heading into January, a survey showed on Friday, suggesting that household spending in Europe’s largest economy could weaken at the beginning of next year.
Household spending has turned into a steady and reliable driver of growth in Germany helped by record-high employment, inflation-busting pay hikes and historically low borrowing costs, providing a buffer against trade-related problems. “News about job cuts in some industrial sectors, such as the car industry and automobile suppliers, are leading to less optimistic income expectations,” Buerkl said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Cheese Shop Can't Be Stink-Shamed with Warning Stickers, German Court RulesAn upstairs neighbor was pushed to the limit by what she said was the shop's pungent odor.
Consulte Mais informação »
German chancellor Angela Merkel's political party rocked by members' neo-Nazi link allegationsAngela Merkel’s center-right party has been rocked by accusations that several of its officials maintain ties to groups with neo-Nazi links.
Consulte Mais informação »
German Millionaire Invites 'Nice People' to Live on His New Zealand Estate: 'It Can Be a New Life''I would like to share my 'paradise' with nice people,' Karl Reipen reportedly wrote in an ad in the New Zealand Herald
Consulte Mais informação »
UK consumer and business morale touched five-month high before election: surveysConfidence among British consumers and businesses rose to the highest level in f...
Consulte Mais informação »