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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY MAR GFK CONSUMER CONF -30.5 (= FCST); FEB -33.8r
- German consumer confidence is projected to recover for a fifth consecutive month in the GfK March outlooks, up 3.3 points at -30.5, in line with consensus expectations.
- Declining energy prices (supported by government price caps) and reports of an avoidable recession have underpinned confidence.
- Despite the continued improvement, overall confidence remains muted.
The propensity to buy subindex only improved marginally as uncertainty and living costs remain elevated. - As such, the data does not yet imply a rebound in consumer spending appetite.
- The Q4 German final GDP data this morning will provide the expenditure breakdown, likely to highlight a drag from weak household spending into year end.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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