FRANKFURT AM MAIN
Consumers in Germany are more confident about the economy and keen to spend money, but concerned about the impact of inflation on their incomes, a closely-watched survey showed Thursday.
Market research firm GfK’s forward-looking consumer confidence reading for April slipped to 9.8 points after 10.0 this month, slightly short of analysts’ expectations, it said in a statement. “Increased inflation in Germany and stronger fears about purchasing power apparently prevented a broader-based recovery,” GfK commented. Looking in more detail, the pollsters found that people expected the current strength of Europe’s largest economy to continue.
