German consumer confidence is set to rise in October underpinned by strong improvement in income prospects and propensity to consume, survey results from the market research group GfK showed on Tuesday.
The forward-looking consumer confidence index rose to +0.3 points from -1.1 in September. The score was forecast to fall further to -1.5.
The consumer climate index has reached its highest level since April 2020. "Even if the consumer climate has almost reached its pre-crisis level, it remains to be seen whether we can speak of a fundamental trend reversal," Rolf Bürkl, GfK consumer expert, said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.