GERMAN CONSUMERS

February 4, 2011 at 2:23 am | Posted in Economics, Financial, Germany, Research | Leave a comment

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Deutsche Bank Research

DB Research:

German consumers: Will they or won’t they?‏

mailsystem.dbresearch@db.com

Tue 1/25/11

Dear reader,

We have issued the following note which is available on our website under the heading “Talking point”:

German consumers: Will they or won’t they?

The impressive rebound of the German economy in 2010 and in particular the ongoing improvement in the labour market has fuelled expectations that consumption will become a major engine of German growth in 2011/2012 . This perception has been corroborated by a clear improvement in German consumer confidence and almost euphoric responses of German retailers in the monthly ifo business climate survey. Both the assessment of the current situation and the expectations for the next 6 months are close to their all-time-highs recorded at the beginning of 1991, when the German unification boom was in full swing. In addition, the German retail association commented on the beginning of the Christmas sales with expressions such as “dream start”.

Please find the complete text here:
http://www.dbresearch.com/MAIL/DBR_INTERNET_EN-PROD/PROD0000000000268925.xhtml

If you have any further questions, please do not hesitate to contact us:
Deutsche Bank Research
Marketing
marketing.dbr@db.com

Internet: http://www.dbresearch.en

Deutsche Bank Research

DB Research:

German consumers: Will they or won’t they?‏

Tue 1/25/11

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