(MENAFN- Saudi Press Agency) German consumer confidence is set to hit a more-tha
six-year high next month as low interest rates and hopes for highe
wages help to boost household spending, dpa cited a survey released Wednesda
as showing
Confidence among consumers in Europe's biggest economy will climb t
a higher-than-forecast 8.2 points in February from a an upwardl
January reading of 7.7 points, the Nuremberg-based GfK research grou
said in releasing its forward-looking indicator
Based on a survey of about 2,000 households, the February readin
represents the indicator's highest level since August 2007 with lo
interest rates reducing the incentive to save
The index gauging wage expectations climbed to a 13-year hig
following a series of key pay settlements
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