Ger­man con­sumer morale is high

The Star Early Edition - - INTERNATIONAL -

GER­MAN con­sumer morale hit a 16-year high, data showed yes­ter­day, the lat­est piece of pos­i­tive eco­nomic news to boost prospects for Chan­cel­lor An­gela Merkel as she pre­pares to seek re-elec­tion in Septem­ber elec­tions.

Mar­ket re­search group GfK’s con­sumer sen­ti­ment in­di­ca­tor rose 0.2 per­cent­age points to 10.8 points, its high­est level since Oc­to­ber 2001. It echoed sim­i­larly pos­i­tive busi­ness morale trends.

With Ger­many go­ing to the polls on Septem­ber 24, the eco­nomic pic­ture au­gurs well for Merkel, who seeks a fourth term in of­fice, with a 13-point poll lead over her So­cial Demo­crat ri­vals.

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