Consumer confidence still growing

Consumer confidence in Germany, which was already good anyway, has improved substantially again. The market research company GfK.........

is forecasting a further rise in the consumer climate index in March to 9.7 points following the February figure of 9.3 points.

This is its highest value for more than 13 years, and even international crises such as those in Ukraine and Greece can do nothing to alter this.

According to GfK German citizens see a steady upward trend in their country’s economy, added to which the fall in energy prices is giving consumers more leeway for major purchases.

Interest rates remain extremely low, making saving not worthwhile, so that many people prefer to spend their money.