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Market research company GfK released its consumer confidence index for Germany on Wednesday. The Gfk German consumer confidence index increased to 9.3 in February from 9.0 in January, beating forecasts for a rise to 9.1. That was the highest level since November 2001.
Gfk said that "the upward trend is continuing in the consumer climate, and the outlook for consumer spending is looking increasingly brighter".
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