German consumer confidence has improved

German consumer confidence is set to improve in July despite concerns about Brexit – the survey of the GfK market research company was published on Wednesday.

The forward-looking consumer sentiment index increased to 10.1, while it was expected to remain unchanged at 9.8.

The economic expectations indicator increased by 9.7 points to 18 points in June. This represents the third increase in a row, and it is the highest value since June 2015.