World Economy

German Consumer Confidence High

German Consumer Confidence HighGerman Consumer Confidence High

Consumer confidence in Germany is at its highest since late 2001, as low inflation buoys households’ income expectations, although there were signs of concern about the constant tug-of-war over Greece, a poll showed on Thursday, Business Recorder reported “.Consumer sentiment in April was mixed. While the consumer climate improved once more, the increase was not quite so marked,” market research company GfK said in a statement. “Income expectations continued to rise, but economic expectations and consumers’ willingness to spend fell slightly,” the statement said. “The constant to-ing and fro-ing over Greece’s future in Europe is clearly starting to have an effect on consumers.”