Eurozone: less depressed consumer sentiment
Eurozone: Consumer confidence (Sept.): -6.5 vs -7 expected (prior: -7.1)
Flash estimate has pointed towards a less negative sentiment; it has evolved in a -7.3/-6.5 range over the past 6 months.
More details should be published next week; trend is expected to slightly improve after very depressed levels, but risks remain in place and fuel savings versus consumption.
Germany: PPI (Aug.): -0.5% m/m vs -0.2% expected (prior: 0.1%)
Energy prices have sharply contracted, and manufacturing prices were also down by 0.1% m/m.
Yearly trend has eased from 1.1% y/y prior month to 0.3% y/y.
Poland: Retail sales (Aug.): -0.4% m/m vs -0.1% expected (prior: 1.7%)
Auto and pharma sales have sharply contracted over the month; yearly trend in total sales has moderated from 5.7% y/y past month to 4.4% y/y.
Turkey: Consumer confidence (Sept.): 55.8 (prior: 58.3)
Confidence has fallen, back to past May levels; views on future economy, financial situation and unemployment have deteriorated after a rebound over the past three months.