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German economy receives boost from local spending spree

Low interest rate on savings, falling unemployment and oil prices driving consumption in 2015
Wednesday, March 11, 2015 - 05:50
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According to German kitchen maker Haecker, Germans are splurging on high-end kitchens because low interest rates made saving unattractive and loans cheap. It expects its kitchen sales to grow by up to 6 per cent this year.

Berlin

SALES of new kitchens are up more than 10 per cent already this year at German kitchen maker Haecker. For those who would rather someone else did the cooking, roasted monkfish and turbot with truffles are flopping onto plates at Berlin's Michelin-starred restaurant Fischers Fritz

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