Food prices, job and subprime fears rattle German, US shoppers

BERLIN, Sept 26, 2007 (AFP) - Frothy milk prices, subprime fears and weaker job prospects have undercut consumption pillars of the German and US economies, studies on both sides of the Atlantic show.

The first two factors sapped shopper morale in the eurozone's biggest economy this month, a survey released Wednesday by the German GfK institute found.

In the United States meanwhile, consumer confidence tanked in September to almost a two-year low amid faltering business and job market conditions, the Conference Board said one day earlier.

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Food prices, subprime fears unsettle German consumers: GfK

BERLIN, Sept 26, 2007 (AFP) - Frothy milk prices and subprime fears sapped the morale of consumers in the eurozone's biggest economy this month, a survey by the German GfK institute found.

The leading barometer of German household confidence fell to an indexed 6.8 points from a revised level in August of 7.4, its second drop in as many months, a GfK statement said Wednesday.

'The credit crisis in the United States and rising food prices are primarily responsible for the decreased tendency to spend' by consumers, the institute added.

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German consumer sentiment shaken by market crisis

BERLIN, Aug 29, 2007 (AFP) - German consumer sentiment was shaken this month by the turmoil on financial markets caused by the US subprime crisis, a poll showed on Wednesday, reflecting fears that the country's economic honeymoon may end.

The consumer sentiment index calculated each month by market research group GfK dropped to 7.6 points from 8.5 points in July, the think-tank said.

The index had remained stable between June and July.

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German consumer sentiment stable in July

FRANKFURT, July 27, 2007 (AFP) - Consumer sentiment in Germany stabilised at a high level in July but high energy prices and the soaring euro damped spending slightly, a new poll showed on Friday.

The consumer sentiment index calculated each month by market research group GfK rose to 8.7 points from 8.5 points in June, a small increase compared to previous months, the think-tank said.

From May to June, the index had jumped by 0.9 points.

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