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German consumer confidence stable: survey

German retail sales dipped in December, marking a weak end to the year and suggesting private consumption, which has been a pillar of support for Europe's largest economy, could lose steam in the fourth quarter.

[FRANKFURT] Consumer confidence in Germany is stable, continuing to shrug off, at least for now, terror warnings and economic uncertainties regarding the massive influx of refugees, a poll found on Wednesday.

"The consumer climate remains unfazed by the increased risks. However, the heightened threat of terrorism, as well as growing concerns in the population that Germany may not be able to cope with the influx of refugees and asylum-seekers could unnerve consumers in the coming months," market research company GfK said in a statement.

"This would have a lasting effect on the consumer climate." Looking to February, GfK's headline household confidence index was forecast to remain steady at 9.4 points.

"The consumer climate is stabilising at overall high levels," GfK said.

"Both economic expectations and the propensity to spend are rising slightly, while income expectations have taken a knock," it added.


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