German car scrap scheme lifts private consumption

Newswire

BERLIN, Aug 27 (Reuters) - A German government subsidy for car scrapping ensured private consumption was in positive territory in the first half of 2009, pushing up spending on autos by nearly a quarter, the Federal Statistics Office said. Private households in Germany spent 36 billion euros in the first six months of this year, a rise of 23 percent compared with the same period in 2008, the Office said on Thursday. Overall, private consumption in the first half was up by 0.1 percent, ...

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