consumer confidence in germany is expected to rise for the eighth consecutive month in june albeit at a slower rate of improvement as income expectations brightened on more optimistic views of wage increases despite a continued high cost of living germanys forwardlooking consumersentiment index forecasts confidence to tick up to minus 242 in june from a revised minus 258 in may the strongest level since april 2022 according to data from marketresearch group gfk published thursday the reading is a little better than the consensus forecast from economists polled by the wall street journal of minus 248 however the reading is well below prepandemic levels when it consistently trended in positive figures consumer sentiment is not showing a clear upward trend at present as a result the rise in consumer climate index has slowed again somewhat gfk consumer expert rolf buerkl said gfk uses three subindexes for the current monthmayto derive a sentiment figure for the coming month both economic and income expectations improved but the measure of propensity to buy fell on the month gfk said the latter measure shows german consumers are unsettled by the high cost of living meaning that they are still reluctant to make purchases according to gfk but income expectations improved on the back of a belief that wages will in some way compensate for increases in prices around 25 million publicsector workers agreed a new pay deal in april but the low level in historical terms of consumer sentiment indicates private consumption wont make any significant contribution to overall economic development in germany this year gfk said