German Consumer Sentiment to Reach 5-Year High in June, GfK Says
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German consumer confidence will jump to the highest in more than 5 1/2 years in June as low unemployment and receding inflation encourage households to spend, GfK AG said.
The market research company forecast today that its consumer-sentiment index, based on a survey of about 2,000 people, will increase to 6.5 next month from 6.2 in May. That would be the highest since September 2007. Economists expected the index to remain unchanged, according to the median of 26 estimates in a Bloomberg News survey.