German consumer sentiment remained virtually stable in May, according to a survey report today. While economic expectations were slightly up for the second time in a row, the prospects for income were down somewhat. Consumer propensity to buy remained virtually unchanged at a good level. The overall indicator is forecasting a value of 2.5 points for June, following a value of 2.5 points for May and with this, the consumer climate has remained stable since March, according to the monthly GfK consumer climate, which is based on around 2,000 consumer interviews conducted on behalf of the European Commission. Meanwhile, the statistics office Destatis, said today that the German economy contracted 3.8% from the previous three months, confirming an initial estimate from May 15th. Gfk said consumer sentiment has yet to face a real test when confronted by the anticipated rise in unemployment.