Business News

Jun 29, 4:03 AM EDT

German consumer confidence rises but clouds on horizon

Latest News
German prosecutors drop case against Nazi war crimes suspect

German consumer confidence rises but clouds on horizon

Germany: Man finds $166,000 in old cupboard, hands it back

Germany saw 40 percent rise in far-right violence last year

German Cabinet agrees upon new controls for spy agency

Exhibit Honors Soviet Photographer
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
German consumer confidence rises but clouds on horizon

US economy grew at slightly faster 1.1 percent in Q1

Draghi seeks 'shared diagnosis' of what ails global economy

Spain's economy grew estimated 0.7 pct in second quarter

South Korea cuts outlook, plans stimulus package

How Clinton's and Trump's economic prescriptions clash

Why Brexit endangers global unions that helped West prosper

British bracing for world economy to punish UK for 'Brexit'

Behind the support for Brexit and Trump: Economic resentment

Crisis or speed bump? What UK vote means for economy sectors

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Berlin Wall: 20 Years Later

BERLIN (AP) -- A closely watched survey shows German consumer confidence has increased again, but its authors cautioned the British vote to leave the European Union could bring it down in coming months.

The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.1 points for July from 9.8 in June.

The 2,000 consumers surveyed for the report on behalf of the European Commission were contacted before the British referendum, however, and GfK said if the "Brexit" vote means the German and other European economies start to falter, things could rapidly change.

GfK says it's "expected that the current uncertainty in the financial markets will also be felt by German consumers."

The extent "depends on how serious the financial implications will be and how discussions develop within the European Union."

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.