Consumer Confidence in Germany at 6 Year High

Rising incomes

German consumer confidence is set to climb to its highest level in more than six years heading into January, as favorable labor market situation and rising incomes boosted households' willingness for big-ticket purchases.

The forward-looking consumer climate index for January rose to 7.6 from 7.4 in December, a survey by the market research group GfK said on Friday. Economists had forecast the index to remain at the December level.