German consumer morale deteriorated unexpectedly heading into April, a survey sh...
BERLIN - German consumer morale deteriorated unexpectedly heading into April, a survey showed on Tuesday, suggesting that household spending could weaken in the second quarter of this year.
Record-high employment, hefty pay hikes, moderate inflation and low borrowing costs have helped household spending to replace exports as the most important pillar of economic growth. “Despite these losses, consumer mood among Germans remains decidedly positive,” GfK researcher Rolf Buerkl said.
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