German consumer sentiment rises into September, survey finds

German consumer sentiment is expected to improve in September, according to a recent survey. The Nuremberg Institute for Market Decisions and GfK market research institute revealed that the consumer sentiment index increased month-over-month to -26.6 points. This was an improvement from -29.4 points a month earlier and exceeded the average forecast of -29.6 points in a Reuters analyst poll.

Despite the economic outlook remaining more than six points lower than the previous year, the index showed a slight upward trend with four consecutive increases. Rolf Buerkl, head of consumer climate at NIM, noted that this trend is driven by positive income expectations and better economic outlook expectations. However, the overall index is still low due to ongoing uncertainties.