The German consumer mood is on its three-year peak

German monthly level retail sales increased in October, that have not seen for three years. The growth exceeded all analysts' forecasts and indicates a recovery in the European Union's largest economy.

According to the Wednesday published datas of the German statistics office; the Germans bought 2.3 percent more than in September, when traffic decreased by 1.8 percent. This increase indicates the robust growth of the German economy. The business sentiment is as high as in November 1991, while unemployment has also continued to decline, for the sixteenth consecutive month – reports Privatbankar.hu.