Economic Buzz: German GfK consumer confidence improves

German consumers' confidence for September, as measured by the GfK index, improved to -26.6, from -29.4 in August, against market expectations of a moderate deterioration to -29.6. Data shows that the main reasons for the improvement are a significant increase in income expectations and, to a lesser extent, a decline in the willingness to save. The institute adds that economic prospects have shown a positive development, while willingness to buy remains practically unchanged.

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