India, June 25 -- German consumer sentiment is set to improve in July driven by the moderate rise in income and economic expectations, latest results of the NIM Consumer Climate powered by GfK showed Thursday.
The consumer sentiment index rose to -29.2 in July from -29.7 in the previous month. However, the reading was weaker than economists' forecast of -27.8.
Income expectations rose only slightly in June and consumers remained less optimistic about their future financial situation than they were before the start of the war in Iran, the survey showed. The income expectations index climbed to -12.2 in June from -13.0 in May.
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