German consumer confidence to climb in July

Note: This section contains information in English only.
Source: Bloomberg
Germany's consumer confidence is likely to improve first time in 5 months in July mainly due to the higher wages which may offset the anxiety about debt crisis GfK predicted in its report on Tuesday. The consumer mood index climbed to 5.8 compared to 5.7 in June. Analysts questioned by Bloomberg predicted a drop to 5.6%. Moreover the Bundesbank lifted its annual growth outlook for the country in 2012 from 0.6% to 1%. 
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