World Economy

German CCI Up

German CCI UpGerman CCI Up

German consumers remain in an upbeat mood for a second month in a row, dismissing risks on the horizon in view of a humming economy, said a closely-watched survey on Wednesday, AFP reported. Market research firm GfK said the index from its forward-looking poll of 2,000 consumers rose to 10.4 points for June, after 10.2 in May, which was already a two-year high. “An economy on the growth path as well as excellent employment prospects make workers look to the future with optimism,” said the institute. Consumers were for now undeterred by “uncertainty about the further economic policy course in the USA and the upcoming Brexit negotiations”, it said. It pointed to risks such as “possible economic shocks from the outside, such as increased protectionist tendencies” in the United States under President Donald Trump. The latest two-month uptick followed two months of declines—at 10.0 points in March and 9.8 points in April—which came after inflation rose to 2.2% in February.


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