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German consumer confidence falls
Published in Saudi Press Agency on 27 - 08 - 2014

AlQa'dah 1, 1435, Aug 27, 2014, SPA -- German consumer confidence is set to suffer its first
decline in more than one and half years as households grow concerned
about the economy, dpa cited a survey released Wednesday as showing.
Consumer confidence in Europe's biggest economy will fall to a
lower-than-forecast 8.6 points in September from a downwardly revised
August reading of 8.9 points, the Nuremberg-based GfK research group
said of its forward-looking indicator.
Analysts surveyed by dpa-AFX had expected the GfK indicator would
slip from an originally forecast 9 points for August to a reading of
8.9 in September.
Based on a survey of about 2,000 households, the September reading
represents the indicator's first decline since January 2013.


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