Date: 28/01/2015 09:44 clock
Good expectations for the economy and their own income as well as lower oil prices are fueling consumption. According shows the GfK consumer climate index for February upwards -. And reached the highest level in more than 13 years
German consumers remain because of low energy prices in high spirits. For February, the GfK consumer climate index is 9.3 meters, such as the GfK market research company announced. This was the highest level since November 2001. In January, the indicator was 9.0 points.
According to the market researchers put both the expectations of the economy and the development of own income as the buying mood significantly. Reason is especially the drastic decline in energy prices, the consumer will not let apparently unimpressed. Low energy prices in combination with the weaker euro had “as an economic stimulus program,” said GfK expert Rolf Bürkl. As well as exports, business investment is likely to attract.
The propensity to make major purchases such as furniture and other expensive goods rose for the fourth consecutive year, reaching a new eight-year high. Better that the value was last seen in December 2006, when an increase in VAT decency and consumer spending significantly more money for major purchases in advance.
Also, because of low interest rates stimulate consumer spending remains well. The willingness to save money, however, was the lowest since the reunification.