Germany's consumer confidence is set to improve in March, a closely watched survey from GfK showed Wednesday.
The consumer confidence index rose to 8.5 points from 8.3 points in February. The index was forecast to remain unchanged at February's originally estimated value of 8.2.
After five consecutive increases, economic expectations registered a moderate fall of 3.4 points to 31.9 in February. In contrast to economic expectations, income expectations rose further in February, to 48.6 from 46.2. It therefore once again slightly improved on the 13-years high of the previous month.
Willingness to buy almost remained at its already very high level and only dropped slightly to 48.9 from 50.0 in January.
Propensity to save also did not register any significant change. The market research group predicted real growth in total private consumption of 1.5 percent for 2014.
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