FRANKFURT AM MAIN: Consumers in Germany are more confident about the economy and keen to spend money, but concerned about the impact of inflation on their incomes, a closely-watched survey showed Thursday.
Market research firm GfK’s forward-looking consumer confidence reading for April slipped to 9.8 points after 10.0 this month, slightly short of analysts’ expectations, it said in a statement.
“Increased inflation in Germany and stronger fears about purchasing power apparently prevented a broader-based recovery,” GfK commented.
Looking in more detail, the pollsters found that people expected the current strength of Europe’s largest economy to continue.
Good news keeps coming in for Germany even as it battles uncertainty on a number of fronts, including upcoming elections at home and in neighbouring France, US President Donald Trump’s tough talk on Berlin’s trade surplus, and Brexit.
On Monday, the Council of Economic Experts that advises the federal government upgraded its economic forecasts slightly, predicting 1.4 percent growth in 2017 after 1.9 percent last year.
We may have seen public displays of the judiciary split down the middle before but…
On 22 April, Irani president Ebrahim Raisi paid three days of official visit to Pakistan.…
Peace remains an elusive dream in Afghanistan as a team of three armed men stormed…
When international labor community was observing International Labour Day, scores of illiterate laborers in Pakistan…
A delegation of Pakistani elite youth which recently visited Urumqi, Kashgar, and Atush said that…
Leave a Comment