GfK consumer confidence for July

GFK consumer confidence for July
  • economic outlook next 12 months -32 in July versus -33 in June
  • economic outlook last 12 months -32 in July versus -32 in June
  • personal finances outlook next 12 months at +7 in July versus +2 in June
  • personal finances last 12 months +1 in July versus -1 in June
  • climate for major purchases at +4 in July versus -2 in June
  • savings intentions +25 in July versus +19 and June

Consumer confidence has been near the lowest levels going back to 2013. For the year the range has been between -14 and -10 . The indicator has been negative since March 2016.

There is little market reaction to the data.