World Economy

Germans in Buoyant Mood

Germans in Buoyant MoodGermans in Buoyant Mood

According to market research group GfK, German consumers are more upbeat than they have been for more than a decade. They expect the cost of living to fall and incomes to rise amid a general upswing in the economy, DW reported. Germany’s consumer sentiment index rose to its highest in 13 years, market research group GfK said Wednesday, as it reported a jump in its forward-looking index from 9.0 points in January to 9.3 points in February. The buoyant mood among the 2,000 Germans surveyed by the group beat analysts’ expectations who had forecast a rise in the GfK index to just 9.1 points.