Germany May GfK consumer sentiment -24.2 vs -26.0 expected

Prior -27.4; revised to -27.3

German consumer sentiment is set to rise in the month ahead, backed mostly by an improvement in income expectations. The reading above is a two-year high but compared to historical levels, is still rather depressed. The breakdown shows that:

Willingness to buy -12.6 (previously -15.3)Income expectations 10.7 (previously -1.5)Business cycle expectations 0.7 (previously -3.1)

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