Free Trial
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.
GERMAN DATA
MNI (London)
GERMANY AUG GFK CONSUMER CONFIDENCE -30.6 (FCST -28.9); JUL -27.7r
- Another worse-than-expected historic low for the German GfK consumer sentiment index in August. The index began in 1991.
- Economic and income expectations were again the key downwards drivers, however, a softer decline was seen in propensity to buy.
- Despite inflation slowing by 0.3pp to +7.6% y/y in June, the accelerated costs of living and looming recessionary fears see no improvement in consumer outlooks for the time being.
- The deterioration in outlooks has been exacerbated by persistent supply chain disruptions worsened by the Ukraine war, as well as consumer concerns regarding security of gas supplies adding significant downwards pressure.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok