Despite the rising recession fears, confidence among German consumers strengthened for the sixth consecutive month on improving income expectations, a closely-watched survey by the market research group GfK revealed Wednesday.
The consumer confidence index for April climbed to -29.5 from -30.6 in March, the Nuremberg-based GfK said. The reading for March was slightly revised from -30.5. The expected score was -29.2.
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Business News
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.