The overall mood of consumers in June is somewhat restrained compared to the previous month. The consumer climate has declined slightly. Following a value of 10.2 points in June 2015, the overall indicator is forecasting 10.1 points for July. Income expectations, on the other hand, have reached to a new post-reunification record, while economic expectations and the willingness to buy have registered some significant declines. The previously unsuccessful attempts to find a solution to the debt crisis in Greece as well as the country's impending default now appear to be dampening German consumers' economic outlook. The ... (full story)