German consumer confidence index to fall in July

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In July, consumer confidence in Germany is expected to deteriorate, according to a survey by research firm GfK. The consumer sentiment index was 9.8 points, down from the June value of 10.1 points. In June, there was a stabilization of economic expectations - their decline stopped. German consumers have increased their propensity to buy, although their expected revenues have shown a marked reduction. The indicator characterizing economic expectations rose only by 0.7 percentage points, reaching 2.4 points. This is due to the continuing uncertainty around Brexit, the ongoing trade wars and the slowing growth of the global economy. The indicator, which predicts the income of the population of Germany, fell to its lowest level since March 2017, reaching 45.5 points against 57.7 points a month earlier. German citizens fear increased job cuts in the country.

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