The GfK Consumer Confidence Index dropped -1 pt to -19 in July, slightly above expectations of a -20 reading.

• The measure for the general economic situation of the country during the last 12 months fell one point to -44; 12 points worse than in July 2024.
• Expectations for the general economic situation over the next 12 months fell one point to -29, putting confidence 18 points lower than in July 2024.