Seeking Alpha

German consumer confidence nudges up to six-year peak

  • 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)
  • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
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