Wednesday, 26 January 2011
What a difference 500 miles and a healthy manufacturing sector makes: while Britain’s economy contracted yet again today, German consumer confidence shot to its highest level in three years.
Couple that with stunning profits from Siemens and there can be little doubt that Germany’s economy is not only putting Britain’s to shame but also driving the eurozone’s fragile economic recovery.
New figures show that German households are happy spending again following the worldwide economic downturn. The forward-looking GfKconsumer sentiment index predicted a rise to 5.7 points for February, compared to 5.5 points for this month. Gfk had previously forecast a dip to 5.4 points, which would have been the first decline in six months. (more)
Your German property investment answer, buyberlin