German consumer sentiment stabilised heading into July, as households' income expectations improved, a survey found on Thursday.
The consumer sentiment index, published by the Nuremberg Institute for Market Decisions and the GfK market research institute, showed sentiment rising to -29.2 points for July from a revised -29.7 points in June.
"Consumer Climate is currently stabilizing at a low level," said Rolf Buerkl, head of consumer climate at NIM.
Income expectations are recovering only slightly, willingness to buy remains in the pessimistic range, and the willingness to save is not decreasing either.
"There are therefore no signs yet of a return toward pre-war levels," Buerkl said.
