Saturday 10th of May 2025
|
|
|
Headlines : * US signals non-intervention in India-Pakistan conflict, urges diplomatic solution   * North Korea Leader Oversees Missile Test Simulating Nuclear Counterstrikes   * US Urges Caution as India-Pakistan Tensions Rise: Nuclear Conflict Must Be Avoided   * India suspends flights at 24 airports   * Expectant mother among 5 killed as bus hits ambulance on expressway   * Bangladesh sends 40 Myanmar nationals back home   * 66 Indians pushed into Bangladesh thru Khagrachhari borders   * Bangladesh tightens border security amid Indo-Pak tensions   * Investor optimism grows as US-China trade talks, China’s rate cuts lift Asian stocks   * ECNEC greenlights Tk 244cr project to boost disaster reilience  

   Business
German consumer confidence to worsen in September
  Date : 10-05-2025

German consumers are feeling more pessimistic heading into September, a key survey showed Tuesday, as concerns about jobs and wages add to a gloomy outlook for Europe`s largest economy.

The survey of around 2,000 people showed that consumer morale "suffered a severe setback" compared to a month earlier, according to pollsters GfK and the Nuremberg Institute for Market Decisions (NIM).

The forward-looking indicator fell by 3.4 points to minus 22 points for September, they said in a statement.

The "euphoria" triggered by the European football championship hosted by Germany in July "dissipated after the tournament ended", said NIM consumer expert Rolf Buerkl.

"Slightly rising unemployment figures, an increase in corporate insolvencies, and downsizing plans by various companies in Germany are causing a number of employees to worry more about their jobs," he said.

"Hopes for a stable and sustainable economic recovery must therefore be further postponed."

The survey found that respondents were "noticeably" more downbeat about their wage prospects for the coming 12 months, and less likely than a month ago to make large purchases.

Consumers` assessment of Germany`s economic outlook also worsened, erasing last month`s gains.

The darker mood comes after preliminary data showed that the German economy unexpectedly shrank in the second quarter, weighed down by cooling exports and an ongoing industrial slump.

Another closely watched survey, by the Ifo institute, showed on Monday that German business morale deteriorated further in August, particularly among companies in the manufacturing sector.

The German government expects the country`s economy to expand by 0.3 percent in 2024, lagging behind the wider eurozone which the European Union predicts will grow by 0.8 percent. BSS/AFP



  
  সর্বশেষ
`High expectations`: EU looks to Merz for boost in tough times
Six killed in Sri Lanka helicopter crash: military
UK announces new Russia `shadow fleet` sanctions
German lender Commerzbank`s profits jump as it fends off UniCredit

Chief Advisor: Md. Tajul Islam,
Editor & Publisher Fatima Islam Tania and Printed from Bismillah Printing Press,
219, Fakirapul, Dhaka-1000.
Editorial Office: 219, Fakirapul (1st Floor), Dhaka-1000.
Phone: 02-41070996, Mobile: 01720090514, E-mail: [email protected]