FOREX TradingCharts.com

Financial News: German Gfk Consumer Confidence To Fall In January

German Gfk Consumer Confidence To Fall In January

12/22/2020 - 03:26:00 (RTTNews)

(RTTNews) - German consumer confidence is set to fall in January due to the severe lockdown measures introduced to withstand the second wave of Covid-19 infections, survey results from the market research group GfK showed Tuesday.

The forward-looking consumer sentiment index fell to -7.3 in January from -6.8 in December. The score was forecast to drop to -8.8.

"Currently, the savings indicator is primarily responsible for the third decline in a row in the consumer climate," Rolf B├╝rkl, GfK consumer expert said. "With the hard lockdown and the closing of most stores, the consumer climate has to cope with another setback."

Among sub-components of the consumer climate index, economic expectations and propensity to buy gained from November, while income expectations deteriorated in December.

After two straight declines, the economic expectations index rose 4.6 points to 4.4 in December.

In contrast to the economic expectations, the income expectations declined in December. The indicator slipped to 3.6 points from 4.6 a month ago. Meanwhile, the propensity to buy index gained 6.1 points to 36.6 in December.

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


U.S. Business Inventories Increase In Line With Estimates In November (04 hr(s), 23 min(s), 08 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story»

Bank Of Italy Sees 3.5% GDP Growth This Year (04 hr(s), 38 min(s), 08 sec(s) ago)
(RTTNews) - The Italian economy is set to expand this year and next, but will return to pre-pandem ...Full Story»

UK Economy To Log Negative Growth In Q1: NIESR (04 hr(s), 49 min(s), 08 sec(s) ago)
(RTTNews) - The UK economy is set to log negative growth in the first three months of this year, ...Full Story»

U.S. Consumer Sentiment Dips More Than Expected In January (04 hr(s), 56 min(s), 08 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a modest dete ...Full Story»

U.S. Industrial Production Jumps Much More Than Expected In December (05 hr(s), 13 min(s), 08 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Friday showing U.S. industrial production jum ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Slower Growth In January (05 hr(s), 35 min(s), 08 sec(s) ago)
(RTTNews) - Activity in the New York manufacturing sector unexpectedly grew at a slower pace in th ...Full Story»

U.S. Producer Prices Rise Slightly Less Than Expected In December (05 hr(s), 43 min(s), 08 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed U.S. producer prices increa ...Full Story»

U.S. Retail Sales Continue To Slump Amid Spike In Coronavirus Cases (05 hr(s), 56 min(s), 08 sec(s) ago)
(RTTNews) - Retail sales in the U.S. continued to decline in the month of December, according to a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Increase In Line With Estimates In November

01/15/2021 - 10:45 AM (RTTNews)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story>>

Bank Of Italy Sees 3.5% GDP Growth This Year

01/15/2021 - 10:30 AM (RTTNews)
(RTTNews) - The Italian economy is set to expand this year and next, but will return to pre-pandem ...Full Story>>

UK Economy To Log Negative Growth In Q1: NIESR

01/15/2021 - 10:19 AM (RTTNews)
(RTTNews) - The UK economy is set to log negative growth in the first three months of this year, ...Full Story>>

U.S. Consumer Sentiment Dips More Than Expected In January

01/15/2021 - 10:12 AM (RTTNews)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a modest dete ...Full Story>>

U.S. Industrial Production Jumps Much More Than Expected In December

01/15/2021 - 09:55 AM (RTTNews)
(RTTNews) - The Federal Reserve released a report on Friday showing U.S. industrial production jum ...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.