FOREX TradingCharts.com

Financial News: Germany GfK Consumer Sentiment To Fall In May

Germany GfK Consumer Sentiment To Fall In May

04/27/2022 - 02:46:00 (RTTNews)

(RTTNews) - Germany's consumer confidence is set to decline further to a new historic low in May, survey results from the market research group GfK showed on Wednesday.

The forward-looking consumer sentiment index declined more-than-expected to -26.5 in May from -15.7 in April. The expected score was -16.0.

High inflation dampened consumers' purchasing power. Consumers viewed that the risk for the German economy has increased further, and the danger of a recession is assessed as high.

"The Ukraine war and high inflation have dealt a serious blow to consumer sentiment," Rolf B├╝rkl, GfK consumer expert, said. This means that hopes of a recovery as a result of the easing of restrictions caused by the pandemic have finally been dashed.

Economic and income expectations as well as the propensity to buy logged noticeable losses in April, the survey showed.

The economic expectations index fell 7.5 points to -16.4 in April. Likewise, the income expectations indicator plunged 9.2 points to -31.3, the lowest score in almost twenty years.

The propensity to buy also suffered losses for the third time in a row. The indicator was down 8.5 points to -10.6 in April. This was the lowest value in more than 13 years.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Exports Recover In April (39 min(s), 26 sec(s) ago)
(RTTNews) - Hong Kong's merchandise exports and imports recovered in April, data from the Cens ...Full Story»

Turkey Economic Confidence Improves In May (45 min(s), 26 sec(s) ago)
(RTTNews) - Turkey's economic confidence improved in May, survey results from the Turkish Stat ...Full Story»

Singapore Industrial Production Rises At Faster Pace (49 min(s), 26 sec(s) ago)
(RTTNews) - Singapore's industrial production increased at a faster pace in April, data from t ...Full Story»

Bank Of Korea Raises Key Rate For Second Straight Time (04 hr(s), 0 min(s),26 sec(s) ago)
(RTTNews) - The Bank of Korea lifted its key interest rate by a quarter point for the second strai ...Full Story»

European Economics Preview: Italy Business Confidence Data Due (05 hr(s), 0 min(s),26 sec(s) ago)
(RTTNews) - Business and consumer confidence survey results from Italy are due on Thursday, headli ...Full Story»

South Korea Rate Decision Due On Thursday (26 min(s), 34 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

Fed Minutes Hint At More 50 Basis Point Interest Rate Hikes (57 min(s), 34 sec(s) ago)
(RTTNews) - With inflation remaining stubbornly elevated, the minutes of the Federal Reserve's ...Full Story»

Latvia Unemployment Rate Rises In Q1 (43 min(s), 34 sec(s) ago)
(RTTNews) - Latvia's jobless rate increased in the first quarter, after falling in the previou ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Exports Recover In April

05/26/2022 - 06:54 AM (RTTNews)
(RTTNews) - Hong Kong's merchandise exports and imports recovered in April, data from the Cens ...Full Story>>

Turkey Economic Confidence Improves In May

05/26/2022 - 06:48 AM (RTTNews)
(RTTNews) - Turkey's economic confidence improved in May, survey results from the Turkish Stat ...Full Story>>

Singapore Industrial Production Rises At Faster Pace

05/26/2022 - 06:44 AM (RTTNews)
(RTTNews) - Singapore's industrial production increased at a faster pace in April, data from t ...Full Story>>

Bank Of Korea Raises Key Rate For Second Straight Time

05/26/2022 - 03:33 AM (RTTNews)
(RTTNews) - The Bank of Korea lifted its key interest rate by a quarter point for the second strai ...Full Story>>

European Economics Preview: Italy Business Confidence Data Due

05/26/2022 - 02:33 AM (RTTNews)
(RTTNews) - Business and consumer confidence survey results from Italy are due on Thursday, headli ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.