German consumers defy global economic gloom
German consumers once again defied the global economic gloom with a key sentiment indicator released Monday coming in unchanged. The GfK marketing group's forward-looking German consumer confidence index remained unchanged at 2.1 in January. The release of the GfK survey also comes amid signs that German retailers have enjoyed healthy sales in the run-up to Christmas with the nation's retail traders' association reporting a rise in sales compared to the Christmas period last year.
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