German GfK Consumer Confidence To Strengthen In August

German consumer confidence is set to continue strengthening into August from the weaker level caused by the coronavirus pandemic, as the reduction in the value-added tax boosted the propensity to buy, survey data from market research group GfK showed Thursday. The forward-looking consumer sentiment index rose to -0.3 points from revised -9.4 in July. The expected reading was -5.0.Original Article