Germany's consumer confidence declined further to a new record low in September as households started to build reserves to meet future energy bills, thus dampening the propensity to buy, results of the consumer climate study conducted by the market research group GfK showed Friday.
The forward-looking consumer sentiment index fell to -36.5 in September from -30.9 in August. The reading was forecast to fall moderately to -31.8.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.