Wednesday, October 26, 2011

Debt Crisis Hangs Over Europe's Consumers

Wall Street Journal
October 26, 2011

Consumer confidence in the euro zone's three largest economies is looking fragile at best as the region's debt crisis continues, according to data released Tuesday.

Confidence among French and German consumers improved slightly in the latest surveys despite underlying concerns. But Italian consumer confidence hit its lowest level in more than three years.

In Germany, the forward-looking consumer-climate index for November ticked up to 5.3 from 5.2 in October, beating economists' forecasts for a 5.1 reading.

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