Germany's consumer confidence is set to weaken in May as rising cases of infections and the subsequent tightening of restrictions dampened income expectations as well as the economic outlook, survey results from the market research group GfK showed on Wednesday.The forward-looking consumer sentiment index fell to -8.8 in May from revised -6.1 in April. The score was forecast to improve to -3.5. "T...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.