Overview

• The GfK/NIM gauge declined by 1.9 points to -23.6 from the prior month, marking a third consecutive fall.
• Economic expectations weakened further, while income expectations slid to their lowest since March after five monthly gains.
• Willingness to make major purchases remained very low, sitting at its weakest level since February.
• Inflation expectations rose for a second month, with concerns linked to geopolitics and US tariff policy, according to NIM’s Rolf Bürkl.
• Bürkl highlights mounting job-loss fears, with some experts expecting registered unemployment to top three million in August.