Sterling near 2021 low as Fed hints at faster tapering; Covid wave hits German consumer confidence …

sterling near 2021 low as fed hints at faster tapering covid wave hits german consumer confidence business live

Sumary of Sterling near 2021 low as Fed hints at faster tapering; Covid wave hits German consumer confidence – business live:

  • Here’s Victoria Scholar, Head of Investment at interactive investor, on today’s German economic data: “The GfK consumer sentiment index in Germany slumped to -1.6 in December while the previous reading was revised from negative to positive.
  • The latest confidence reading, which was the lowest since June highlights consumer concerns about inflation and impact on purchasing power combined with fears about restrictions and lockdowns as COVID-19 cases rise.
  • Entertainment and recreation remain the bright spots growing 13.5%, while supply chain bottlenecks delayed deliveries in the auto sector.
  • That shows consumers drove the recovery over the summer, as hospitality venues such as bars and restaurants reopened.
  • com/zreDGZFcxS November 25, 2021 German consumers are also less willing to make purchases, just as they head into the festive season.
  • This weakness is likely to weigh on Germany’s economy this quarter, especially as yesterday’s IFO survey showed a drop in business confidence.
  • Holger Zschaepitz (@Schuldensuehner) Good Morning from #Germany where Coronavirus gloom &
  • GfK’s forward-looking Consumer Confidence Index fell to minus 1.6 points for Dec, down 2.6pts on prev mth &

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