Germany’s July Consumer Sentiment Improves to -29.2 as Income Expectations Edge Higher
Updated
Updated · investinglive.com · Jun 25
Germany’s July Consumer Sentiment Improves to -29.2 as Income Expectations Edge Higher
2 articles · Updated · investinglive.com · Jun 25
Summary
Germany’s GfK consumer sentiment rose to -29.2 for July from a revised -29.7 in June, marking a modest recovery from recent lows but missing the -27.6 forecast.
A 0.8-point rise in income expectations to -12.2 drove the improvement, while willingness to buy and willingness to save stayed largely unchanged.
GfK said consumer climate is stabilizing at a low level, with purchasing appetite still in pessimistic territory and no sign yet of a return to pre-war norms.
Lower crude oil prices and peace negotiations are easing inflation worries and slightly improving economic expectations, but the broader consumer backdrop remains weak.