Ger­man shop­pers spend­ing more

China Daily (Canada) - - BUSINESS -

Fu­eled by a fa­vor­able shop­ping en­vi­ron­ment, Ger­man con­sumers’ spend­ing in 2015 grew faster than any year else in the past 15 years, com­pen­sat­ing their coun­try’s losses in ex­ports de­clines due to weak global re­cov­ery, of­fi­cial data showed on Tues­day. In 2015, Ger­man house­holds spent 1.63 tril­lion euros ($1.8 tril­lion) on pri­vate con­sump­tion, said Ger­man fed­eral sta­tis­tics of­fice Des­tatis.

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