Germany's consumer confidence is set to remain unchanged in August as the weakness in economic and income expectations were offset by the improvement in the propensity to buy, survey results from the market research group GfK showed on Wednesday.
The forward-looking consumer sentiment held steady at -0.3 in August. Economists had forecast the index to improve to +1.0.
Rolf Bürkl, GfK consumer expert said the phase of falling incidences has come to an end and the number of infections is rising again.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.