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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 JUL GFK CONSUMER CONF -25.4 (FCST -23.0); JUN -24.4r
- Germany consumer confidence eased in the GfK July projections, dipping by one point to -25.4 against expectations of a 1.2-point uptick.
- This breaks an eight-month streak of improvements. The index remains below Spring 2020 lockdown levels and in deeply pessimistic territory.
- Economic and income expectations moderated, with a strengthening of the propensity to save highlighting prevailing uncertainty experienced by German consumers at present.
- Inflation concerns remain at the forefront of weakening sentiment, alongside higher interest rates.
- The propensity to buy indicator did gain 1.5 points in the June report, albeit remains very low and continues to signal weak purchasing activity.
- German retail sales data due in May is expected to be flat on the month, and be around 5% lower than May 2022 levels. GfK continues to forecast no positive contribution from private consumption to German GDP in 2023.
Source: GfK
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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