NUREMBERG - Consumer confidence within Europe's largest economy rose to its highest point highest in nearly five years as German households showed increased willingness to spend.
Researcher GfK's confidence index - a survey of around 2,000 people that aims to forecast household spending one month in advance - climbed to 7.8 in June, its highest level since November 2001. This compares with a revised 7.0 in May.
Export-driven economic growth is driving company investment and creating new jobs, while consumer optimism received a further boost from Germany's biggest fall in unemployment this year. Business confidence in May reached a 15-year high.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.