German consumer confidence remains high

|By:, SA News Editor

As expected, Germany's Gfk consumer confidence index has held steady at 8.5 heading into June.

"While economic expectations increased considerably and willingness to buy registered a marginal improvement, income expectations lost a large share of the gains achieved in the previous month," Gfk said.

The reading comes after the Ifo index last week showed business optimism weakening. (PR)

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