Brexit Chips Away At German Consumer Morale

Brexit chips away at German consumer morale

FRANKFURT, (Pakistan Point News - APP - 27th july,2016) - Confidence among German consumers suffered slightly in July as households digested Britain's vote to quit the European Union, a poll found on Wednesday. Last month's Brexit was "an important reason why uncertainty about future economic developments grew slightly," market research company GfK said in a statement. While the headline figure increased to 10.1 points from June's 9.8, the sub-index covering economic expectations suffered an 8.6-point fall to 9.4 points. More than half of the people surveyed said they expected negative consequences for Germany from Brexit.