GfK says German consumer confidence will reach 5-year high next month

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Source: Bloomberg
German consumer sentiment will increase to its highest value since September 2007, according to GfK AG, a market research company. It said that the measure will jump to 6.5 in June, compared to 6.2 in May, while experts predicted no change. The surge in the gauge is caused by increased consumer spending, higher employment and rising wages in the country.
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Fri, 24 May 2013 08:05:06 GMT

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