german consumers to start new year in high spirits
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

in Europe's purring top economy.

German consumers to start new year in high spirits

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice German consumers to start new year in high spirits

People visit Christmas market at Berlin's Breitscheidplatz square
Frankfurt am Main - Emiratesvoice

German consumers' festive mood will continue into the new year, a closely-watched survey said Friday, as shoppers remain unfazed by a political impasse in Europe's purring top economy.

Market research firm GfK said its forward-looking poll of around 2,000 people climbed by 0.1 points to reach 10.8 for January, in line with analyst expectations.

"Consumers are ending 2017 in high spirits," GfK said in a statement, with strong confidence in the economy promising "excellent" prospects for 2018. 

The survey found that Germans expected their income to rise in the near future, bouncing back from the more pessimistic outlook seen in previous months.

Their willingness to make large purchases meanwhile dipped slightly below December's level but remains "in great shape", according to GfK, thanks to record-high employment and low interest rates.

The pollster noted that respondents were especially upbeat about the future state of the German economy, with growth expectations hitting a three-and-a-half-year high.

"Consumers are convinced that the strong upswing will continue into the new year," GfK said.

The cheerful mood comes despite a political deadlock in Europe's powerhouse following an inconclusive September election.

Chancellor Angela Merkel is still trying to form a new government after efforts to forge a so-called "Jamaica" coalition with two smaller parties collapsed in November.

"Consumer sentiment seems unburdened by the failed 'Jamaica' talks," GfK said.

The German economy has been firing on all cylinders in recent months, powered by strong domestic and foreign demand.

The government recently upgraded its 2017 growth forecast from 1.5 to 2.0 percent, while the Bundesbank is predicting an expansion of 2.6 percent.

The GfK predicted that domestic consumption will continue to be a key growth driver, but said risks were lurking from abroad.

The troubled Brexit talks, nuclear tensions over North Korea and potential protectionist measures in the United States could threaten Europe's top economy, it noted.

A separate survey by the Ifo economic institute this week found that German business morale dipped slightly in December on the political uncertainty at home, while staying at an "excellent" level.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german consumers to start new year in high spirits german consumers to start new year in high spirits

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german consumers to start new year in high spirits german consumers to start new year in high spirits

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 12:10 2016 Monday ,30 May

French Open braced for washout

GMT 22:24 2018 Monday ,08 January

Police arrest Israeli organ smuggling 'mastermind'

GMT 08:05 2017 Monday ,16 October

Cabinet Affairs Minister receives Iraqi ambassador

GMT 23:05 2017 Thursday ,25 May

Sharjah body calls for intensified

GMT 10:52 2015 Wednesday ,25 March

Sheikha Manal to host Art Exhibition

GMT 00:36 2017 Sunday ,19 March

World’s fastest free Wi-Fi at Dubai Airports

GMT 04:15 2011 Tuesday ,15 November

McGowan in Dolce&Gabbana dress

GMT 15:34 2012 Thursday ,29 November

Katy Perry announces fragrance partnership

GMT 18:31 2016 Tuesday ,05 April

Ras AL Khaimah to host young global leaders debate

GMT 14:50 2017 Wednesday ,08 November

UAE construction projects' value rises to almost Dh3T

GMT 21:05 2017 Saturday ,09 September

Pakistan among top 50 countries with high terror
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice