Friday, May 25, 2007

German Consumer Confidence Rises More Than Estimated to a Five-Month High

(Bloomberg) -- German consumer confidence rose to a
five-month high as the economic outlook brightened and households
raised their income expectations.

GfK AG's confidence index for June, based on a survey of
about 2,000 people, rose to 7.3 from a revised 5.7 in May, the
Nuremberg-based market-research company said today. Economists
expected a reading of 6, according to the median of 23 forecasts
in a Bloomberg News survey.


Read more at Bloomberg Currencies News

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