July revised from -21.8 (Il Sole 24 Ore Radiocor) - Berlin, 24 Jul - Germany's consumer climate is expected to come in at -18.4 points in August from a revised -21.6 points in July, according to a survey published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM).

The preliminary reading for July was -21.8 points.

"The upswing of the Consumer Climate in July is primarily due to Germans' increased income expectations. However, the euphoria triggered by the European Football Championship in Germany in many parts of the population is also likely to play a role here," noted Rolf Buerkl, consumer expert at NIM.

"However, it remains to be seen whether this effect is sustainable or just a short-term flare-up. As quickly as this good mood has occurred, it can also disappear again. If the latter is the case, the road out of the low consumption will be long and demanding. For a sustained improvement in consumer sentiment, it is necessary - in addition to the current real income growth - for consumers to regain the planning security that is essential, in particular for major household purchases.".

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(RADIOCOR) 24-07-24 08:19:17 (0177) 5 NNNN