German Consumer Confidence Advances for a Second Month on Holiday Shopping
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Consumer confidence in Germany, Europe s biggest economy, climbed to a six-month high as the winter holidays prompted shoppers to increase spending, the GfK market research company said.
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Widespread German price increases, including those of butter and electricity, are starting to weigh heavily on consumer confidence, a monthly poll by the GfK institute showed Friday.
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Orders placed with manufacturing companies in Germany rose in October, after gaining slightly the previous month, thanks to a large number of big-ticket domestic orders, data published by the Economics and Labour Ministry showed.
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The pound rose early afternoon after stronger-than-expected retail sales and consumer confidence surveys this morning offset weak mortgage lending and approvals figures earlier.
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American consumers grew more confident in December despite underlying concerns about the health of the economy, the Conference Board reported.
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Consumers kept a closer eye on their wallets as they moved into the holiday shopping season, boosting their spending by a modest 0.2 percent in November.
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A widely watched indicator of consumer confidence jumped in December, reversing four months of declines and reaching the highest level since July, a private research group reported Tuesday.
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Household spending in France rose in August for a second month in three and Italian consumers were more confident in September, signaling domestic demand may help drive European growth in the second half.
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NEW YORK -- The nation's consumers grew slightly more confident in December despite underlying concerns about the health of the U.S. economy.
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European consumers are becoming increasingly confident about shopping online, with half of those with computers at home indulging in a little e-commerce, according to survey results published.
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Confidence among US consumers rose unexpectedly in January, figures show.
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U.S. consumer confidence grew to a five-month high in December, bolstered by improved employment opportunities and cheaper energy, according to a report released on Tuesday.
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German gross domestic product grew unexpectedly strongly in the second half of last year.
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After months in a slump, Germans have found a fresh taste for shopping, with Christmas giving the eurozone's biggest economy a boost, a survey by the GfK institute showed Thursday.
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German consumers are increasingly optimistic, despite a steep rise in sales tax at the start of the year, a poll of consumer attitudes in the biggest eurozone economy showed on Friday.
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U.S. stocks rose for a second day on   Tuesday as a survey showing a higher-than-expected jump in   consumer confidence eased concern about slowing economic growth   and the outlook for corporate profits.
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Stocks rose on Tuesday, helped by another round of proposed takeovers and a report showing a stronger-than-expected reading in consumer confidence.