German consumer morale hit by political uncertainty

24 February, 2017 12:00 AM printer

BERLIN: German consumers' mood looks set to darken in March as concerns about rising inflation and US President Donald Trump's protectionist policies start to bite, a key survey found Thursday.

Market research firm GfK said its forward-looking index for March dipped to 10.0 points from 10.2 in February, slightly below analyst expectations, reports AFP.

Sub-indices measuring consumer sentiment about the future economic situation, income expectations and readiness to spend money all fell back in the latest survey of some 2,000 people. "The change of administration in the United States and the considerable recent increase in inflation have put a damper on the generally positive consumer.