The US has accused Germans of consuming too little. But with the consumer confidence index at a six-year high, the statistics would seem to show a very different picture: Germans are spending, not just saving.
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.
Consumers in Germany are still optimistic about economic developments at home, a closely-watched survey by the GfK market research group has shown. But inflation worries may soon change the picture.
The jobless rate in Germany declined to a new all-time low in February, underscoring the strength of the country's labor market that is fueling a consumption-led upswing in Europe's biggest economy.
Consumers in Europe's powerhouse have started the new year with a lot of optimism, a fresh survey by GfK market researchers has shown. Germans keep spending as the economy shows no sign of weakening.
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