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The research company GfK expects a deterioration in consumer sentiment in Germany in June amid falling economic expectations. The leading consumer confidence index, calculated by GfK, was 10.1 points, falling from the May value of 10.2 points. Analysts estimated the index at 10.4 points. Among the factors that negatively affect consumer expectations regarding the German economy are ongoing discussions about the conditions for Britain’s exit from the EU, the possible aggravation of the trade conflict with the United States and the slowdown of the global economy. In May, an indicator defining economic expectations slowed down to 1.7 points from 3 points a month earlier. The intentions of citizens to make large purchases decreased, the corresponding figure fell to 50.5 points from 53.1 points. Their earnings expectations rose to 57.7 points from 56.8 points in April.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
KYC Policy