Germany's Gfk market research institute says consumer confidence edged to its highest level since 2006. Analyists say low unemployment and low interest rates are encouraging Germans to go shopping.
German consumers are heading into the autumn with a sunny summer disposition, expecting to spend more of their rising incomes as Europe's biggest economy continues powering on.
The world's largest economy has grown at its fastest pace in more than two years, hitting the president's goal for the first time since he took office. Higher consumer spending was behind the solid growth rate.
The good news continues for Europe’s largest economy. The government has raised its growth forecast on the back of a more positive global outlook and as a result of strong domestic industrial and export figures.
Expansion of the world's second-largest economy has cooled slightly, fresh figures from the national statistics office have shown. But there's no sign of instability as the Communist Party Congress is in full swing.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version