Survey: German consumers increasingly confident

Published October 26, 2012 8:44am ET



BERLIN (AP) — German consumers are increasingly optimistic despite continuing problems in the eurozone, a closely-watched survey showed Friday, buoying hopes that domestic spending can help offset slowing exports.

The GfK institute’s forward-looking consumer climate indicator rose to 6.3 points for November from a revised 6.1 points in October, the second monthly rise following a three-month retreat. Income expectations were up sharply while consumers’ willingness to buy rose slightly too.

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