Consumer confidence climbs in Germany

25th February 2005, Comments 0 comments

25 February 2005 , NUREMBERG - Consumer confidence is climbing in Germany, according to a pollster that compiles a monthly index. GfK of Nuremberg said on Friday its index rose to 4.8 from 4.2 a month ago. GfK chief executive Klaus Wuebbenhorst said, "Basic confidence is more solid than it was a year ago." He added German consumption was likely to rise 0.8 percent this year. In Berlin, the Economics Ministry welcomed the finding, saying it showed there was a "month by month" improvement under way. The long

25 February 2005 

NUREMBERG - Consumer confidence is climbing in Germany, according to a pollster that compiles a monthly index.

GfK of Nuremberg said on Friday its index rose to 4.8 from 4.2 a month ago. GfK chief executive Klaus Wuebbenhorst said, "Basic confidence is more solid than it was a year ago." He added German consumption was likely to rise 0.8 percent this year.

In Berlin, the Economics Ministry welcomed the finding, saying it showed there was a "month by month" improvement under way.

The long German downtown has been blamed on laggard retail spending. Despite an upsurge last year in exports, shoppers remain reluctant spenders, with millions of Germans worried they might lose their jobs.

DPA

Subject: German news 

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