German consumer confidence rises to higest - by Gabi Thesing
Consumer confidence in Germany, Europe's largest economy, rose to the highest in almost five years as households plan to spend more before the government increases sales tax in January.
GfK's confidence index, based on a September survey of about 2,000 people that aims to forecast households' expenditure one month ahead, climbed to 8.8 from 8.6 in the previous month, the market-research company said in an e-mailed statement today. That's the highest level since November 2001.
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