Germany's consumer sentiment is set to weaken in July as income expectations suffer significant setbacks amid fears of job losses among shoppers, survey data from market research group GfK showed Wednesday.
The forward-looking consumer sentiment index dropped more-than-expected to 9.8 in July from 10.1 in June. The score was forecast to fall marginally to 10.0.
Among components, propensity to buy increased again and economic expectations ceased their downward spiral in June. Meanwhile, income expectations declined noticeably. The economic expectations index rose 0.7 points to 2.4 in June.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.