Ger­man con­sumer con­fi­dence dips from high level

The Pak Banker - - International -

BER­LIN: Ger­man con­sumer con­fi­dence has slipped slightly from high lev­els amid ex­pec­ta­tions that the coun­try's strong eco­nomic growth will ease in the com­ing months, ac­cord­ing to a sur­vey pub­lished Tues­day.

The GfK re­search group said its for­ward-look­ing con­fi­dence in­di­ca­tor for Jan­uary stood at 5.4 points - down from 5.5 in De­cem­ber.

A subindex mea­sur­ing con­sumers' ex­pec­ta­tions for the next year slipped af­ter six months of sharp gains.

That sug­gests con­sumers "be­lieve the Ger­man econ­omy is well on course for re­cov­ery even if they think the un­usu­ally strong mo­men­tum over re­cent months can­not be fully main­tained," GfK said. Ger­mans' in­come ex­pec­ta­tions and their propen­sity to buy also slipped, al­though GfK said they re­mained "at an ex­tremely good level." All three in­di­ca­tors are far above the lev­els of a year ago. The Ger­man econ­omy, Europe's biggest, has re­bounded strongly this year as in­creas­ing ex­ports into a re­cov­er­ing global econ­omy have been ac­com­pa­nied by signs of im­prov­ing do­mes­tic de­mand. -Reuters

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