MUNICH, ACCRA, June 25
(Xinhua/GNA) -- The German consumer confidence declines slightly as
Greece debt crisis lowers economic expectations, market research group
GfK reported on Thursday.
Its overall indicator forecasts 10.1
points for July, following a value of 10.2 points in June, which means
the consumer confidence decreases for the first time since last October,
according to GfK.
"The previously unsuccessful attempts to find a
solution to the debt crisis in Greece as well as the country's
impending default now appear to be dampening German consumers' economic
outlook," said Rolf Buerkl, analyst from the Nuremberg-based research
group.
As a result, economic expectations and willingness to buy both register some significant declines.
However,
consumers' income expectations appear not to be affected by the
dampened economic confidence. Income expectations come to a new record
since 1990, exceeding the old record in April this year by well 2.1
points to 57.2 points.
The GfK consumer climate survey has been
conducted since 1980. Its findings are based on around 2,000 consumer
interviews conducted each month on behalf of the European Commission,
the executive body of the European Union.
