German consumer confidence rises

German consumer confidence remains robust, shrugging off fears of a eurozone recession, a new poll found on Friday.

"Even though the European Commission has forecast a recession for the eurozone this year, German consumers are not letting this sour their optimism," market research company GfK said in a statement.

"The source of their optimism is the favourable and stable framework conditions in Germany. The high level of employment, favourable wage agreements and slowing inflation are buoying sentiment," it said.

GfK's household confidence index was forecast to rise to 6.5 points in June from 6.2 points in May, a statement said.

Both economic and income expectations increased and consumers' willingness to spend "impressively held its already high levels".

The headline consumer confidence reading is based on responses from about 2,000 households regarding their expectations about pay and the economy as a whole in the coming months, as well as their willingness to spend money.

Earlier this month, the widely-watched ZEW investor confidence index stabilised following a sharp decline the previous month thanks to the European Central Bank's decision to cut interest rates.

The latest Ifo business climate index -- an even more important barometer of sentiment in Europe's biggest economy -- is scheduled to be released later on Friday.

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GfK