Germany's consumer confidence will strengthen in May as households were more positive about their income prospects following higher expectations for wage growth amid slowing inflation.
The consumer confidence index rose to -25.7 in May from a revised -29.3 in April, survey results from the market research group GfK showed Wednesday. The score was better than economists' forecast of -27.9.
Although consumer sentiment improved for the seventh straight month, the value remains below the pre-pandemic level of about three years ago, GfK consumer expert Rolf Burkl said.
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by Renju Jaya
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