Germany August GfK consumer sentiment -18.4 vs -21.0 expected

• Prior -21.8; revised to -21.6

German consumer morale recovers significantly going into August as income expectations for households hit the highest in over two years. That comes amid stronger wage increases and slightly lower inflation, according to GfK. That said, the institute does warn that while the signs are promising, “it can also as quickly disappear again”.

This article was written by Justin Low at www.forexlive.com.