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Consumer Confidence in the Eurozone's largest economy rose again - the powerhouse of the E.U. is on track for a strong recovery. Today the GFK Institut für Marktforschung reported the Consumer Confidence Survey for April.
The survey of about 2000 consumers showed an increase of the index from a previous reading of 9.7 to 10, beating estimates of 9.8.
The GFK Institute named a weaker euro as a consequence of the ECB's low interest rates policy and lower energy costs as main drivers of the increase. The German economy is very export-oriented and therefore amongst the biggest winners from a weakening single currency.
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