German consumer sentiment in June improved by 3.1 points to -20.9, due to lower inflation and wage increases.

German consumer sentiment in June improved by 3.1 points to -20.9, exceeding analysts' expectations of -22.5. The survey, conducted by GfK, attributes this improvement to reduced inflation rates and wage increases, which boost purchasing power. The consumer sentiment index has risen for four consecutive months, reflecting a better willingness to buy and less appetite to save.

May 29, 2024
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