FOREX TradingCharts.com

Financial News: German Consumer Confidence To Improve In July: GfK

German Consumer Confidence To Improve In July: GfK

06/25/2021 - 03:09:00 (RTTNews)

(RTTNews) - German consumer confidence is set to improve in July as the country eases the lockdown restrictions, monthly survey results from GfK showed on Friday.

The forward-looking consumer sentiment index rose more-than-expected to -0.3 in July from revised -6.9 in June. The reading was the highest since August 2020. The expected score was -4.0.

In June, the economic and income expectations increased significantly and the propensity to buy showed moderate growth.

Sharply falling incidences and significant advances in vaccination allow more extensive loosening or opening of the economy, Rolf Bürkl, GfK consumer expert, said.

In addition, vacation is now possible again. This ensures increasing optimism, which is also expressed in better consumer sentiment, added Bürkl.

Economic expectations rose sharply in June as consumers were very confident about the general economic situation in Germany. The economic expectations index rose 17.3 points to 58.4 in June. This was the highest score since February 2011.

The income expectations index advanced noticeably by 14.6 points to 34.1 in June. Income sentiment last recorded a better level in February 2020. The falling incidence figures allow openings in outdoor and indoor restaurants. A number of employees will leave short-time working and improve their income position.

The propensity to buy gained strength from income prospects. The indicator rose 3.4 points to 13.4 points in June.

The survey results are based on around 2,000 consumer interviews carried out on behalf of the EU Commission. The survey was conducted between June 3 and 14.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China Manufacturing PMI Slows To 50.3 In July - Caixin (18 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to expand in July, albeit at a slower pace ...Full Story»

Australia Manufacturing Sector Eases In July - AiG (43 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in July, although at a slowe ...Full Story»

Japan Manufacturing PMI Picks Up Steam In July - Jibun (48 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in July, and at a faster pace, t ...Full Story»

Taiwan Manufacturing Sector Accelerates In July - Markit (57 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Taiwan continued to expand in July, and at a faster pace, ...Full Story»

Vietnam Manufacturing PMI Ticks Higher In July - Markit (01 hr(s), 03 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Vietnam continued to contract in July, albeit at a slower ...Full Story»

Malaysia Manufacturing PMI Shows Slight Improvement In July - Markit (01 hr(s), 10 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Malaysia continued to contract in July, albeit at a slower ...Full Story»

Myanmar Manufacturing PMI Plummets In July - Markit (01 hr(s), 14 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Myanmar continued to contract in July, and at a faster pac ...Full Story»

Thailand Manufacturing Sector Continues To Contract - Markit (01 hr(s), 17 min(s), 41 sec(s) ago)
(RTTNews) - The manufacturing sector in Thailand continued to contract in July, albeit at a slower ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China Manufacturing PMI Slows To 50.3 In July - Caixin

08/01/2021 - 21:50 PM (RTTNews)
(RTTNews) - The manufacturing sector in China continued to expand in July, albeit at a slower pace ...Full Story>>

Australia Manufacturing Sector Eases In July - AiG

08/01/2021 - 21:25 PM (RTTNews)
(RTTNews) - The manufacturing sector in Australia continued to expand in July, although at a slowe ...Full Story>>

Japan Manufacturing PMI Picks Up Steam In July - Jibun

08/01/2021 - 21:20 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in July, and at a faster pace, t ...Full Story>>

Taiwan Manufacturing Sector Accelerates In July - Markit

08/01/2021 - 21:11 PM (RTTNews)
(RTTNews) - The manufacturing sector in Taiwan continued to expand in July, and at a faster pace, ...Full Story>>

Vietnam Manufacturing PMI Ticks Higher In July - Markit

08/01/2021 - 21:05 PM (RTTNews)
(RTTNews) - The manufacturing sector in Vietnam continued to contract in July, albeit at a slower ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.