Peace negotiations between Iran and the U.S. were cited as helping steady German household sentiment, though the NIM and GfK index remained deeply negative.
German consumer sentiment steadied heading into July, with the headline index improving to -29.2 from -29.7 in June, as peace negotiations between Iran and the U.S. were cited as supporting a stabilisation in sentiment at subdued levels. The consumer-climate index published by the Nuremberg Institute for Market Decisions and GfK remained firmly negative, underscoring continued caution among households even as conditions showed a slight improvement.