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German consumer morale rises but at slower pace
Concerns about high inflation weighed on Europe's top economy
29 March, 11:19
(ANSA-AFP) - FRANKFURT AM MAIN, MAR 29 - German consumer
morale rose again heading into April, a key survey showed
Wednesday, but the pace of improvement slowed as concerns about
high inflation weighed on Europe's top economy. Pollster GfK
said its forward-looking survey of around 2,000 people climbed
1.1 points to reach minus 29.5 points, the sixth consecutive
monthly increase. Relief that energy prices are falling, after
surging sharply last year following Russia's invasion of
Ukraine, was helping to boost the reading, Gfk said. But overall
the consumer climate remained "very low", said GfK consumer
expert Rolf Buerkl. "Inflation will remain high this year," he
said. "The expected loss of purchasing power will prevent a
sustained recovery of domestic demand." (ANSA-AFP).
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