German consumer confidence hits 13-year high: Survey
Thursday, 29 January 2015
FRANKFURT, Jan 28 (AFP) : Consumer confidence in Germany is at its highest since late 2001, as rising optimism over the economy and income expectations persuade German shoppers to open their wallets, a poll found on Wednesday.
"Consumers are noticeably more confident as they enter the new year and the consumer climate is continuing to improve," market research company GfK said in a statement.
"Economic and income expectations, as well as the propensity to spend have all increased tangibly."
Looking ahead to next month, GfK's headline household confidence index was forecast to rise to 9.3 points in February from 9.0 points in January.