Germany-based research institute GfK reported that the consumer climate in Europe improved in the second quarter of 2014, but risks remain in the periphery. “The economy in the European Union is continuing to recover. However, the crises in Iraq and Ukraine could potentially destabilize the upturn in Europe. European consumers are also regaining confidence. This is reflected in the development of the indicators for economic expectations, income expectations and willingness to buy in most countries that are included in the survey,” GfK said. The institute’s consumer climate index for the EU 28 is currently at 9.1 points, the highest value since April 2008.
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