German consumers unfazed by eurozone recession fears

A fresh survey has shown that Germans remain in spending mood despite an unresolved euro area debt crisis. The study singled out consumers as a current pillar of economic growth in Europe's biggest economy.

The latest household confidence survey presented by the GfK market researchers on Friday saw the group's benchmark index rise to 6.5 points in June from 6.2 points in May.

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