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 This material may not be published, broadcast, rewritten or redistributed.)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

  • 'Trying to Survive'
    The Hells Angels Motorcycle Club is desperately trying to grow its membership

  • Body Cams
    A King County councilmember wants to see body cameras on sheriff's deputies

  • What We Learned
    Danny O'Neil says the gap between Seattle & the rest of the NFL isn't as big as we thought
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 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.