Germany's consumer confidence will strengthen in May as households were more positive about their income prospects following higher expectations for wage growth amid slowing inflation.
The consumer confidence index rose to -25.7 in May from a revised -29.3 in April, survey results from the market research group GfK showed Wednesday. The score was better than economists' forecast of -27.9. Although consumer sentiment improved for the seventh straight month, the value remains below the pre-pandemic level of about three years ago, GfK consumer expert Rolf Burkl said.
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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.