Oct 24, 2014 2:48 AM

Survey: German consumer confidence stabilizes

The Associated Press

BERLIN (AP) A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy.

The GfK research group said Friday that its forward-looking consumer climate index edged up to 8.5 points for November from 8.4 in October. It found that Germans' willingness to buy has increased amid low unemployment and that income expectations continue to improve, while consumers' economic outlook has stabilized.

The government and economists have cut their growth forecasts for Germany after a string of disappointing industrial data for August. Still, GfK said its latest findings suggest that private consumption will continue to be a key pillar of the economy.

It cautioned that consumer confidence would likely be affected if international crises escalate or Africa's Ebola outbreak spreads.


--  Dealing with the Disease of Addiction? Click here for help --

More from NH1.com

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome