The GfK consumer climate index is regarded as a much-noticed indicator of economic development in Germany.
The GfK consumer sentiment indicator for Germany rose to -9.6 heading into July 2020 from an upwardly revised -18.6 in the previous month and compared with market consensus -12.0. The consumer sentiment index, published by GfK and based on a survey of around 2,000 Germans, rose to -0.3 heading into August from a revised -9.4 in the previous month. But Buerkl warned that any fresh wave of coronavirus infections and renewed lockdowns “would quickly shatter any hope of economic recovery”. The jobless rate is seen at 6.2 percent in June versus 6 percent in May.At 6.00 am ET, the Confederation of British Industry is slated to issue Industrial Trends survey data. Germany 32 mins Dover Motorsports, Inc. The forward-looking GfK Consumer Climate Index is projected to rise from June’s minus 18.6 to minus 9.6 in July—the third lowest value ever recorded in the history of the index. * Copyright © 2020 Insider Inc. and finanzen.net GmbH European Economics Preview: Germany GfK Consumer Confidence Data Due BERLIN (Reuters) - Surveys showed consumer and business confidence in France and Germany growing as coronavirus lockdowns are eased, bolstered by generous stimulus packages and declining infection numbers in Europe. But he also warned that while recent economic data were satisfying, the situation was still “too fragile” to prompt a change to forecasts for an economic contraction this year of 11%, the worst in modern times. The forward-looking consumer sentiment index rose to -0.3 points from revised -9.4 in July. (RTTNews) - Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news. Rolf Buerkl, a researcher at Germany’s GfK institute, said its data showed consumers were increasingly of the impression that the German economy was likely to recover soon and were using the opportunity of the VAT cut to make major purchases. Registration on or use of this site constitutes acceptance of our (RTTNews) - Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news.At 2.00 am ET, Germany's Gfk consumer confidence survey results are due. The bank is expected to hold its one-week repo rate at 8.25 percent.At 10.00 am ET, Eurozone flash consumer confidence survey data is due. The forward-looking consumer sentiment index is expected to rise to -5 in August from -9.6 in July. The news comes as the European Parliament holds a special session to discuss a European Union leaders’ accord on a massive stimulus package which countries hit especially hard by the coronavirus hope will help rekindle their economies.
Finance Minister Bruno Le Maire said France’s economy was on course to rebound by 8% next year and should return to pre-crisis levels by 2022. A temporary cut in value-added tax (VAT) in Germany, which will cost the government up to 20 billion euros ($23.17 billion), helped push up consumer morale there more than expected heading into August, Thursday’s data showed. (RTTNews) - Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news. Euro zone consumer confidence data is due later on Thursday. Consumer Confidence for Germany from European Communities, EUROSTAT for the Eurostat - Business and Consumer Survey release. Reporting by Michael Nienaber and Leigh Thomas; Writing by Maria Sheahan; Editing by Catherine Evans In France, business confidence gained further ground in July. The order book balance is forecast to improve to -38 in July from -58 in June. Economists forecast the index to climb to 85 in July from 77 in June. At 2.00 am ET, Germany's Gfk consumer confidence … The consumer sentiment index, published by GfK and based on a survey of around 2,000 Germans, rose to -0.3 heading into August from a revised -9.4 … German consumer confidence is set to improve in August, survey data from market research group GfK showed Thursday. It also serves to supplement other officially collected statistics such as EU consumer confidence. The forward-looking consumer sentiment index is expected to rise to -5 in August from -9.6 in July.In the meantime, unemployment data is due from Statistics Norway.At 2.45 am ET, the statistical office Insee is scheduled to release France's business confidence survey data. At 3.30 am ET, Statistics Sweden publishes unemployment data for June.Half an hour later, unemployment data is due from Poland. The INSEE official statistics agency said its business climate index rose to 85, from 78 in June. Both economic and income expectations improved, as well as propensity to buy, following the gradual lifting of restrictions imposed to contain the coronavirus. At 2.00 am ET, Germany's Gfk consumer confidence survey results are due. The expected reading was -5.0. This page provides forecast and historical data, charts, statistics, news and updates for Germany Consumer Confidence. Announces Second Quarter 2020 Earnings Release Date Business Insider
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gfk consumer confidence germany