GfK is Germany’s largest market research firm, supplying data to consumer brands from its Nuremberg base.
British firms expect to ease price increases as energy-driven costs fade, while manufacturing activity shows a rebound. Bank of England watchfulness continues as inflation risks persist and rate decisions loom.
Canada's home-sales activity rose for a second straight month as prices stabilised, with a 5.5% month-on-month gain in May and a barely changed benchmark price of C$657,700, signalling cautious momentum amid a stabilising economy.
Consumer confidence has improved in July as heatwaves, football success, and the new prime minister boosted mood. However, overall sentiment remains negative, with the GfK index at -17, and gains rely on government delivery to tackle cost‑of‑living pressures.
A block of UK indicators shows services activity expanding and consumer confidence firming, while manufacturing remains modest. PMI readings point to continued growth in Q3, supported by tech investment and exports, though inflation and public finances remain a risk.
Retail sales volumes have fallen again in July, led by non-food and clothing sectors, while food and drink have bucked the trend thanks to hot weather and World Cup excitement. The Official Statistics Office says promotions were pulled forward into June, reducing July gains. The three-month trend remains positive, but the high street faces momentum challenges into autumn.