Moody s said retail and recreation activity across India had dropped by 25 per cent as of 7 April compared with 24 February, according to Google mobility data. This was mirrored in the Reserve Bank of India s March consumer confidence survey which showed a deterioration in perceptions of the economic situation and expectations of decreased spending on nonessential items.
Moody s said retail and recreation activity across India had dropped by 25 per cent as of 7 April compared with 24 February, according to Google mobility data. This was mirrored in the Reserve Bank of India s March consumer confidence survey which showed a deterioration in perceptions of the economic situation and expectations of decreased spending on nonessential items.
BERLIN (dpa-AFX) - German economic sentiment deteriorated unexpectedly in April amid the third wave of infections, survey results from the ZEW - Leibniz Centre for European Economic Research showed
German ZEW Economic Confidence Weakens In April
BERLIN (dpa-AFX) - German economic sentiment deteriorated in April, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment fell 5.9 points to 70.7 points. This was the first time that the indicator has experienced a drop since November 2020 and was well below economists forecast of 79.0.
Meanwhile, the assessment of the economic situation advanced 12.2 points to minus 48.8 points in April. The expected reading was minus 53.0.
Fears of a stricter lockdown have led to a decline in expectations for private consumption, ZEW President Achim Wambach, said. Nevertheless, the outlook for exports is better than in the previous month.