German consumer climate remained stable in July

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Source: GfK Group

Despite heightened worries about Europe's future, German consumer climate remained constant at 5.8 points in July. Still, the indicator is forecasting an increase by 0.1 point to 5.9 in the next month. German's willingness to buy and income expectations remained at a very good level; while the overall nation's economic growth is expected to decelerate.

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