The GfK Group's survey revealed the consumer confidence in German is set to continue improving in August, reflecting Germans' positive view of the economy and their own finances.

According to the survey, GfK's consumer confidence index registered a slight increase in the consumer climate forecast for August to 10.8 points from a level of 10.6 in July. That was the highest reading since October 2001. Economists had forecast the reading to stay at 10.6 points.

"Consumers are expecting that the domestic economy can even pick up a notch over the course of the remaining year," the survey said.