RTTNews - German consumer sentiment rose to 3.7 for September from a revised value of 3.4 points in August, a monthly survey from the market research firm GfK showed Thursday. The September reading matched economists' expectations. However, the consumer climate continues to remain at a relatively low level in a longer term comparison.
The market research group said consumer climate would be strongly affected by discernible increases in unemployment over the course of this year.
Economic expectations rose 6.5 points to minus 7.5 in August. While, income expectations climbed 7 points to 8.8 and the propensity to buy stood at 31.1 points in August, its highest position since December 2006.
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