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Germany: Gfk Consumer Confidence Survey unmoved in June

By FXstreet.com,  May 25, 2012, 02:09:00 AM EDT

FXstreet.com (Barcelona) - German Consumer Confidence should remain unchanged at 5.7 points in June, data released by the GFK showed Thursday. Economists had forecast the indicator to come in at 5.6 points.

According to the official publication: "Despite recessionary trends in Europe and rising uncertainty as a consequence of the debt crisis, Germans feel that the national economy is continuing its upswing. General elections in France and Greece have so far not had a negative impact. This is proven by the marked rise in economic expectations this month. As a result, willingness to buy also increased moderately, especially as the concern about inflation has currently also reduced somewhat."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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