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German Income Expectations Support Consumer Climate
Consumer sentiment in Germany has stabilized in July. The consumer climate remains unchanged from the previous month. The overall indicator is forecasting 10.1 points for August. Income expectations improved their record level from the previous month once again while significant losses and moderate losses will need to be accepted in economic expectations and the willingness to buy, respectively. The long and uphill struggle to find a solution to the debt crisis in Greece has avoided a bankruptcy for the time being. However, this is not boosting the economic expectations of German consumers. Instead, the indicator has ... (full story)