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MNI: GERMAN DATA: GfK Consumer Climate (Jun 2019)....>

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MNI: GERMAN DATA: GfK Consumer Climate (Jun 2019) Preview - 07:00BST
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 - Bloomberg Consensus: 10.4; MNI Median: 10.4; Prev (May): 10.4
 - After hitting a 9-month high in Feb, the Consumer Climate Index resumed
trending lower in Mar...
- ... falling back to Dec's level of 10.4 in Apr, where it stayed in May
- The latest survey showed economic expectations remaining on a downtrend...
- ... which has now persisted for over a year
 - Income expectations, meanwhile, remain at a strong level...
- ... and should continue to be supported by a resilient labour market, higher
real wages & subdued inflation 
- Healthy income expectations are bolstering the propensity to buy, with the
respective sub-index having ticked higher over the last two months
- However, the consumer outlook remains tentative...
- ... with GfK highlighting indications that companies are reconsidering their
recruitment plans amid the uncertain global trade environment 

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