German consumers are relaxed and confident, and it's a good thing they are: consumer spending is the only thing that kept Germany from a recession in the first quarter of the year.
Despite ongoing political uncertainty over the make-up of the next government, business and consumer confidence are hitting all-time highs in Germany according to the latest surveys from two influential observers.
Europe's economy is growing at its fastest in over a decade but there's no room for complacency. Storm clouds are gathering and the future looks far less rosy, says DW Business Editor Daniel Winter.
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.
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.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version