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.
In the second quarter of 2017, the German economy grew slightly less than expected by economists as slowing trade dampened an overall expansion which was driven by strong household spending and rising state expenditure.
The word's third-largest economy has grown by a much stronger rate than expected by analysts, fresh figures from the government have shown. The expansion came on the back of stronger domestic demand.
German consumer confidence is expected to hit a 16-year-high in August. The GfK indicator echoes similarly positive business trends, giving Chancellor Angela Merkel a welcome fillip before the election in September.
Japan's household spending has finally risen after a protracted period of decline, official figures have shown. The news came amid government attempts to put stubborn deflation behind it and stoke economic growth.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version