Germany Gfk consumer sentiment for July improved to -0.3, up from -6.9. That’s the best level since August 2020. For June, economic expectations rose from 41.1 to 58.4, highest since February 2011. Income expectations rose from 19.5 to 34.1, highest since February 2020. Propensity to buy rose from 10.0 to 13.4.
Rolf Bürkl, GfK consumer expert comments on the subject: “We are leaving the lockdown behind more and more. Sharply declining incidence rates, as well as significant progress in vaccination, allow increasingly extensive relaxations or openings. In addition, vacation travel is now possible again. This leads to increased optimism, which is also reflected in improved consumer confidence. As a result, we are forecasting a value of -0.3 points in consumer sentiment for July 2021, the highest value since the summer of last year. A higher value was last measured in August 2020, at -0.2 points.”
