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.
Following recent increases, German consumer sentiment is set to stagnate in August, data published Wednesday by Gfk showed. Consumer confidence is forecast to remain at -0.3 in August, unchanged from July. While economic and income expectations declined slightly, the propensity to buy saw a monthly gain. However, "despite the current stagnation of consumer confidence, the domestic economy will make a positive contribution to overall economic development in the second half of the year." said Rolf Bürkl, a GfK consumer expert.
Rising infection rates and a stagnation of the vaccination progress " is currently preventing any further significant increase as it pertains to consumer sentiment", Bürkl added. Moreover, consumers expect inflation to rise further, which has a negative effect on consumer sentiment, the report noted.
Source: Gfk study
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.