German Consumer Morale Brightens Heading Into October: GfK

German Consumer Morale Brightens Heading Into October: GfK
Shoppers wear mask and fill Cologne's main shopping street Hohe Strasse (High Street) in Cologne, Germany on Dec. 12, 2020. Wolfgang Rattay/Reuters
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BERLIN—The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday, in a sign that households continue to support the recovery in Europe’s largest economy.

The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, rose to 0.3 points for October, from a revised—1.1 points a month earlier. The reading compared with a Reuters forecast for—1.6.