German Consumer Confidence on the Rise

According to a recent joint report by the market research institute GfK and the Nuremberg Institute for Market Decisions (NIM), consumer confidence in Germany is set to improve in May, reaching negative 20.6, up from a revised figure of 24.3 in the previous month.

Global Trade Policies and Domestic Developments

"The recent shifts in the US administration's trade policy, including the announcement of significant tariff increases, have yet to leave a lasting mark on German consumer sentiment," noted Rolf Buerkl, a consumer expert at NIM. He further explained, "The potential negative impacts are likely offset by the successful conclusion of coalition negotiations and the upcoming formation of a fully operational government."