Germany July GfK consumer confidence -25.4 vs -23.0 expected

<ul><li>Prior -24.2; revised to -24.4</li></ul><p>German consumer morale is set to have declined heading into July as economic and income expectations fall looking to the month ahead. GfK notes that "the current development indicates that consumers are once again more uncertain". This also marks the first drop in the reading after eight straight months of improvement.</p>

This article was written by Justin Low at www.forexlive.com.