{"id":631953,"date":"2026-04-27T13:31:16","date_gmt":"2026-04-27T13:31:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/631953\/"},"modified":"2026-04-27T13:31:16","modified_gmt":"2026-04-27T13:31:16","slug":"germany-may-gfk-consumer-sentiment-33-3-vs-29-3-expected","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/631953\/","title":{"rendered":"Germany May GfK consumer sentiment -33.3 vs -29.3 expected"},"content":{"rendered":"<p>Prior -28.0; revised to -28.1<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">The German consumer climate worsens to a three-year low as the fallout from the Middle East conflict continues to take a toll on Europe&#8217;s largest economy.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">In particular, higher energy prices and in turn higher inflation is translating into a major worry for German households. And that is reflected by a nosedive in income expectations, which fell from -6.3 in April to -24.4 going into May. Economic expectations also declined further, down from -6.9 in April to -13.7 going into May.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">On the latter, we&#8217;re pretty much circling levels last seen back during the Russia-Ukraine crisis in 2022. So, that&#8217;s a clear enough signal to how dire the outlook is as we look to the months ahead. And especially as the Middle East conflict shows no signs of easing just yet.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">GfK notes that:<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">&#8220;Income expectations are collapsing as a result of rising inflation. Against this backrop, people also consider the current time to be less favourable for major purchases.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Prior -28.0; revised to -28.1 The German consumer climate worsens to a three-year low as the fallout from&hellip;\n","protected":false},"author":2,"featured_media":631954,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-631953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/631953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=631953"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/631953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/631954"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=631953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=631953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=631953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}