German consumer confidence rose for the fifth straight month in August
Aug 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
German consumer rose for the fifth straight month in August. Both economic and income expectations have once again increased and the propensity to buy has also improved, according to the monthly survey by the Gfk marketing firm. The overall indicator is forecasting a value of 3.7 points for September 2009, following a revised value of 3.4 points in August. However, in a long-term comparison, the consumer climate continues to remain at a relatively low level.