New Market Research Report: Consumer Lending in Germany
The German economy slightly cooled down in 2013, but consumer sentiment remained strong. Low unemployment, especially among young and middle-aged people, helped underpin many people's readiness to take out new loans. Loans are primarily taken out for lasting assets such as home renovation, durables and home building. However, some German families also take out loans to cope with the rising cost of living, seeking to bridge monetary shortages via consumer credit.
View full press release