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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 APR GFK CONSUMER CONF -29.5 (FCST -30); MAR -30.6r
- German consumer sentiment improved for a sixth consecutive month in GfK’s forward-looking April index, increasing 1.1 points. Stronger income expectations rose to a ten-month high, largely accounting for the April headline uptick. The index nevertheless remains historically low.
- Economic expectations cooled in April, after four months of improvements, yet remaining above average.
- Government energy support has largely underpinned recent upticks in sentiment. Nonetheless, this had little effect on the propensity to buy subindex thus far, implying stronger sentiment is not yet showing signs of feeding through into stronger spending.
- GfK consumer expert Rolf Buerkl highlighted that "private consumption is unlikely to make a positive contribution to economic growth in Germany this year."
- In March, Italian consumer sentiment improved by a modest 1.1-points to 105, whilst Eurozone flash consumer confidence was broadly unchanged. The final eurozone March release and details are due tomorrow at 1000 BST. French consumer confidence is due at 0745 BST, and is anticipated to edge down by one point to 81, likely driven lower by substantial strike action and civil unrest this month.
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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