German consumer confidence is set to improve moderately to a seven-month high in June driven by strengthening economic and income expectations but overall level remained weak, a closely watched survey revealed Tuesday.
The consumer climate indicator rose to -19.9 in June from -20.8 in the previous month, a survey jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions showed.
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Business News
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.