Germany's consumer confidence is set to improve in November from a record low even in the midst of recession fears, survey results from the market research group GfK showed on Thursday.
The forward-looking consumer sentiment index rose to -41.9 in November, in line with expectations, from revised -42.8 in October. It is too early to speak of a trend reversal in consumer confidence, said Rolf Bürkl, GfK consumer expert. The situation remains very tense.
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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.