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The indicator of consumer sentiment in Germany declined in May to 10.7 points from 10.8 points a month earlier, a poll of about 2 thousand Germans conducted by the Nuremberg Institute of GfK showed. Consumer sentiment declines for two consecutive months and dropped to the lowest level in 2018. According to the researcher at GfK, Rolf Berkla, the mood of the population was negatively affected by the geopolitical situation, as well as US sanctions, which will have a long-term impact on Germany as an export country. He noted that the US withdrawal from the international agreement with Iran from 2015 did not have a particularly negative impact on the mood of consumers.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
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