German consumers more positive, buoyed by financial market calm


AP

BERLIN — A closely-watched survey shows German consumers are more optimistic, buoyed by the current calm in financial markets and expectations the economy will gradually revive over the course of the year.

The GfK institute reported Tuesday that its forward-looking indicator rose to 5.8 points for January, up from a revised 5.7 in January.

Analyst Carsten Brzeski says the indicator is “another small piece of evidence that domestic demand should be an important growth driver in 2013.”