The Gfk survey of German consumer confidence has climbed to its highest level in close to six...

|By:, SA News Editor

The Gfk survey of German consumer confidence has climbed to its highest level in close to six years, rising to 6.8 going into July from 6.5 for June and beating expectations, which were also 6.5. Sentiment has been boosted by a strong labor market and big wage hikes. It's positive news for those looking to domestic demand to support growth in Germany and the wider eurozone. (PR)