Germany's consumer confidence will strengthen in June as households were more positive about their income growth amid the hope of a rise in wages and salaries resulting in a less severe loss of purchasing power.
The consumer confidence index rose to -24.2 in June from a revised -25.8 in May, survey results from the market research group GfK showed Wednesday. The score was below economists' forecast of -24.0.
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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.