Surprise! German Consumer Confidence Rises
February 26, 2009 by admin · Leave a Comment
Despite the continuing drumbeat of dour economic data German consumer sentiment improved significantly in March jumping to 2.6 from 2.0 forecast rising substantially higher than the 2.2 figure the month prior. The consumer confidence numbers echoed the marked increase in sentiment in the ZEW survey of investment professionals suggesting that perhaps conditions on the ground in Europe’s largest economy have not deteriorated nearly as badly as market consensus had anticipated.
