German Gfk Consumer Confidence beats estimates with -9.6 for July

According to the latest survey of around 2000 German published by the Nuremberg-based GfK institute on Thursday, the consumer confidence improved slightly heading into July, as the lockdown easing fueled optimism about their income prospects.

The consumer sentiment index improved to -9.6 for July vs. -18.6 previous while beating the forecast for -12.0.

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