Arab Today, arab today german consumer confidence hits 13year high
Last Updated : GMT 16:31:56
Arab Today, arab today
Arab Today, arab today

German consumer confidence hits 13-year high

Arab Today, arab today

Arab Today, arab today German consumer confidence hits 13-year high

Consumer confidence in Germany is at its highest since late 2001
Frankfurt - AFP

Consumer confidence in Germany is at its highest since late 2001, as rising optimism about the economy and income expectations persuade German shoppers to open their wallets, a poll found on Thursday.
"The escalation of the situation in east Ukraine, the ongoing tensions between the West and Russia and events in Greece are not leaving much of an impression on German consumers, who are increasingly optimistic," market research company GfK said in a statement.
"The drop in energy prices is boosting the purchasing power of private households and opening up room for further spending. As a result, income expectations and the propensity to buy are increasing as well," GfK said.
Looking ahead to next month, GfK's headline household confidence index was forecast to rise to 9.7 points in March from 9.3 points in February.
"That is the highest level since October 2001. The consumer climate in Germany remains in a clear uptrend," the statement said.
Consumer spending would contribute substantially to overall economic growth this year, the institute predicted.
GfK said it expected private consumption to rise by 1.5 percent in the whole of 2015 "and that is is a strong a rise as in overall gross domestic product (GDP)."
Sentiment in Europe's top economy is on the rise, as a weaker euro and falling oil prices boost the country's exporters.
Earlier this week, the widely-watched Ifo business climate index rose for the fourth time in a row to its highest level in seven months.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german consumer confidence hits 13year high Arab Today, arab today german consumer confidence hits 13year high

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german consumer confidence hits 13year high Arab Today, arab today german consumer confidence hits 13year high

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday