German consumer confidence nudges up to six-year peak

|By:, SA News Editor

German consumer confidence has reached its highest level in six years heading into October, with the GfK survey edging up to 7.1 from 7 a month ago and topping consensus that was also 7.

A sub-index tracking income expectations softened, due to increasing food prices harming perceived purchasing power. However, consumers have a "euphoric" willingness to buy. (PR)

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