The war in Ukraine and high inflation took German consumer confidence to a new historic low, survey results from the market research group GfK showed on Wednesday.
The forward-looking consumer sentiment index declined more-than-expected to -26.5 in May from revised -15.7 in April. The expected score was -16.0.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.