The German Gfk consumer confidence has increased to -33.9 heading towards February 2023 from -37.8 last month and marginally missed consensus of -33.2
This is fourth straight month of rising sentiment.
The number measures financial confidence and is an indicator consumer spending, which accounts for a majority of overall economic activity.
Both economic and income expectations continue to recover and increase noticeably.
The DAX is +0.16%.
ETFs: (EWG), (DBGR), (FGM), (DXGE)