consumerconfidence
French consumers remain wary and pessimistic ahead of the elections, according to the newly published French consumer confidence report for June, published by INSEE. Confidence was at the 89.5 this month, down from 90.1 in May and in line with analyst expectations. This was well below the long-term average of 100, with consumers especially worried about standard of living prospects, which fell further in June, to -50 from -46 in May. Furthermore, the number of households being willing to make major purchases in June also dropped to -33 from -32 in May. French snap elections blog: Emmanuel Macr...
Euronews (English)
The German GfK Consumer Climate Indicator for July was released on Wednesday morning. It came in at -21.8, a sharp drop from June’s -21.0, according to data published jointly by the GfK Group and the Nuremberg Institute for Market Decisions (NIM). This was also significantly below analyst expectations of -18.9, and is the first fall in five months. Income expectations for July were considerably lower at 8.2, versus 12.5 in June, with economic prospects also plunging to 2.5 from 9.8. This was quite a reversal from the last four months, when both these indicators had been on the increase. Consum...
Euronews (English)
Eurozone inflation surged in May, surpassing economists' expectations just days before the European Central Bank (ECB) is set to convene to announce the first interest rate cut in four years. According to preliminary data from Eurostat, the harmonised index of consumer prices (HICP) in the eurozone rose by 2.6% year-on-year in May, up from 2.4% in April and exceeding the forecast of 2.5%. This marks the first increase in the annual inflation rate since December 2023. On a monthly basis, the HICP climbed by 0.2%, a slowdown from April’s 0.6%. Notably, energy inflation turned positive at 0.3% ye...
Euronews (English)
Retail sales in the UK were down sharply in April, with a fall of -2.3% and down further from March's -0.2% in March, according to the Office for National Statistics (ONS). The figure, the largest drop in retail sales in the past four months was much worse than analyst expectations of -0.4%. The main reason for this was a drop in sales volumes across several sectors, especially non-food sales, which dropped 4.1%. The sectors include sports equipment, furniture, clothing, games and toys and more. Food costs remain highBad weather for most of April was seen as the main culprit, deterring several...
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The European Union and its citizens, it remains a strained relationship. One full of mixed perceptions and mistrust, yet with high expectations. Sounds like the recipe for some serious marriage counselling or the script of the better Hollywood rom-com? No, it’s just a European reality. From love to hate, hate to love. It's reminiscent of the Facebook relationship status, “It’s complicated”. Taking stock of the last five years, a large-scale Euroconsumers survey shows little consumer satisfaction with the EU’s overall track record. While people appreciate how Europe handled the COVID-19 pandemi...
Euronews (English)
Consumer confidence in Germany is edging up, according to the newly released German GfK Consumer Climate Indicator for May. German consumer confidence came in at -24.2, a rise from the -27.3 of April and better than market expectations of -25.9, according to the GfK Group. The figure is the highest in two years, boosted mainly by income expectations jumping to their highest number since January 2022, at 10.7 against -1.5 in the previous month. Furthermore, economic prospects also rose to 0.7, up from -3.1 in April. A desire to buy also stepped up to -12.6 in May, up from -15.3 in April. Simila...
Euronews (English)
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