German consumer confidence rises amid new government hopes

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Investing.com -- German consumer confidence has experienced an unexpected increase, despite concerns about the potential economic impact of U.S. trade policy.

This increase is attributed to consumers’ faith in the stability promised by the incoming government.

The consumer-climate index, jointly released by research groups GfK and the Nuremberg Institute for Market Decisions, rose to minus 20.6 in the forecast for May, marking a 3.7 point improvement from April.

This rise was contrary to expectations from economists who, according to a poll conducted by The Wall Street Journal, had anticipated a decline to minus 26.0.

The increase in consumer confidence comes amid warnings about the potential economic fallout from U.S. trade policy.

Despite these concerns, German consumers seem to be optimistic about the incoming government’s potential to maintain stability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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