Germany: Gfk Consumer Confidence Survey unmoved in June

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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."



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This article appears in: Investing , Forex and Currencies

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