Holger Zschaepitz(@Schuldensuehner):Good Morning from Germany, where consumer confidence remains stuck near crisis levels. GfK Consumer Sentiment for July edged up only slightly to -29.2 from -29.7, still far below pre-Covid levels. Income expectations improved a bit, but buying appetite stays weak and savings intentions high; bad news for Germany’s private consumption engine.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

Joined May 2009

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Holger Zschaepitz@Schuldensuehner

2026.06.25 08:29

Good Morning from Germany, where consumer confidence remains stuck near crisis levels. GfK Consumer Sentiment for July edged up only slightly to -29.2 from -29.7, still far below pre-Covid levels. Income expectations improved a bit, but buying appetite stays weak and savings intentions high; bad news for Germany’s private consumption engine.