The overall consumer climate indicator is forecasting 10.1 points for July compared with 9.8 points in June. Economic and income expectations are markedly on the up, while willingness to buy fell slightly.

Consumers expect the German economy to be in good shape over the coming months. This has resulted in a considerable increase in economic expectations this month. Given this outlook, income expectations have reached their highest level since German reunification. Only willingness to

buy is slightly down, but is still at a very strong level.

The economic expectations of German citizens have improved considerably in June. The indicator has gained 9.7 points to reach a total of 18 points.

This represents the third increase in a row, and the highest value since June 2015, when the indicator stood at 18.4 points. There is currently a clear upward trend.