RTTNews - German consumer confidence rose to 3.5 points for August, a survey from the GfK Group showed Monday. The reading for July was slightly revised to 3 from 2.9 points. Economists were expecting the index to stay at 2.9. However, consumer sentiment remained at a very low level in a longer term comparison.

According to the survey, income expectations in July climbed to 1.8 from minus 3.3 in June, while economic outlook stood at minus 14 versus minus 22.6 in June. The index measuring buying propensity improved to 25.1 from 14.7.

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