household consumption

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GfK points to maintained strength in household consumption in Q2

LONDON | By Barclays analysts | Consumer confidence increased again in June, reaching positive territory for the first time since March 2005. The GfK consumer confidence index rose to 1 from 0 in May, in line with our expectations (consensus: 2). Improvements were generally broad-based, with ‘general economic situation over the last 12 months’ improving the most, up 2 points to -3.


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Growth in salary costs in the US not what it looks like

MADRID | Employment creation figures in the US disappointed Wall Street expectations for April, with 115,000 versus 165,000 and a fall of the jobless rate of 0.1 percent to 8.1 percent. Afi analysts in Madrid checked deeper into the subject and concluded in an investor’s note that income per working hour and working hours per week have both been flat, so growth recorded in salary costs was the consequence of…