FOREX TradingCharts.com

Financial News: German Consumer Confidence Set To Fall In October

German Consumer Confidence Set To Fall In October

10/22/2020 - 02:59:00 (RTTNews)

(RTTNews) - German consumer confidence is set to weaken in November, survey data from the market research group Gfk showed on Thursday.

The forward-looking consumer sentiment index fell more-than-expected to -3.1 from -1.7 in October. The index was forecast to drop to -2.8.

All three sub components, namely economic and income expectations and the propensity to buy declined in October.

After five rises in a row, the economic sentiment decreased seventeen points to 7.1 points in October. Consumers assumed that the much more active infection process in Germany will slow down the previously hoped for rapid recovery of the largest euro area economy.

Dwindling economic optimism affected consumer income prospects in October. The income expectation indicator slid 6.3 points to 9.8 in October.

In the wake of falling income prospects, the propensity to buy also accepted losses. With a fall of 1.4 points, the indicator reached 37.0 points in October.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Germany Import Prices Fall Further In October (02 min(s), 07 sec(s) ago)
(RTTNews) - Germany's import prices declined further in October, albeit at a softer pace, data ...Full Story»

Norway Retail Sales Rise In October (05 min(s), 07 sec(s) ago)
(RTTNews) - Norway's retail sales rose sharply in October, figures from Statistics Norway show ...Full Story»

Denmark Business Confidence Falls In November (35 min(s), 07 sec(s) ago)
(RTTNews) - Denmark's business confidence weakened in November, figures from Statistics Denmar ...Full Story»

Sweden GDP Grows More Than Estimated In Q3 (01 hr(s), 10 min(s), 07 sec(s) ago)
(RTTNews) - Sweden's economy grew more than previously estimated in the third quarter, revised ...Full Story»

Singapore Producer Prices Decline Slows In October (01 hr(s), 20 min(s), 07 sec(s) ago)
(RTTNews) - Singapore's producer prices declined at a softer pace in October, data from the De ...Full Story»

France Q3 Growth Revised Up (01 hr(s), 57 min(s), 07 sec(s) ago)
(RTTNews) - The French economy rebounded at a faster than initially estimated pace in the third qu ...Full Story»

Finland Consumer Sentiment, Industrial Confidence Improve In November (03 hr(s), 38 min(s), 07 sec(s) ago)
(RTTNews) - Finland's consumer and industrial confidence improved in November, separate survey ...Full Story»

Dutch Producer Confidence Improves In November (03 hr(s), 45 min(s), 07 sec(s) ago)
(RTTNews) - Dutch producer confidence improved in November, data from the Central Bureau of Statis ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Germany Import Prices Fall Further In October

11/27/2020 - 06:32 AM (RTTNews)
(RTTNews) - Germany's import prices declined further in October, albeit at a softer pace, data ...Full Story>>

Norway Retail Sales Rise In October

11/27/2020 - 06:29 AM (RTTNews)
(RTTNews) - Norway's retail sales rose sharply in October, figures from Statistics Norway show ...Full Story>>

Denmark Business Confidence Falls In November

11/27/2020 - 05:59 AM (RTTNews)
(RTTNews) - Denmark's business confidence weakened in November, figures from Statistics Denmar ...Full Story>>

Sweden GDP Grows More Than Estimated In Q3

11/27/2020 - 05:24 AM (RTTNews)
(RTTNews) - Sweden's economy grew more than previously estimated in the third quarter, revised ...Full Story>>

Singapore Producer Prices Decline Slows In October

11/27/2020 - 05:14 AM (RTTNews)
(RTTNews) - Singapore's producer prices declined at a softer pace in October, data from the De ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.