German consumers increasingly confident

BERLIN (AP) - German consumers are continuing to look ahead optimistically in 2014 as Europe's largest economy's growth accelerates.

The forward-looking GfK consumer climate survey released Wednesday rose to 8.5 points for March, following a revised 8.3 in February.

The research institute says income expectations improved upon an already high value in the previous survey and consumers' willingness to buy dropped slightly but remained at a high level. Their economic expectations dropped slightly after five consecutive increases, but GfK says the trend remains upward.

GfK, whose study is based on around 2,000 interviews, says consumers "are still confident that the German economy has overcome its weak phase in the previous year and is entering a solid upswing."

Germany's economy grew 0.4 percent in 2013 but the government predicts 1.8 percent 2014 growth.


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Not the End
    Officials have another trick up their sleeves to help save King County's bus service

  • Sent Down
    After high hopes, the Mariners confirm they've sent Nick Franklin to the minors

  • Choke Hold
    The FDA is about to regulate a product that helps people quit tobacco
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.