Market-research firm GfK's consumer-confidence barometer stood at minus nine in May, unchanged from April. The reading is below the minus eight consensus forecast from economists polled by The Wall Street Journal.
Food Companies Say Combating Climate Change Comes With Costs
Food companies are investing billions of dollars into sustainability efforts, betting that costs will fall and consumers will remain interested in more environmentally friendly diets, executives said.
Nestlé SA, the world's biggest food and beverage company, has committed to paying premium prices over the next five years for recycled materials in its packaging, as it works toward achieving net-zero greenhouse-gas emissions by 2050. Agricultural giant Archer Daniels Midland Co. is offering incentives for farmers to adopt more climate-friendly practices, part of industry efforts to meet corporate and government carbon-reduction goals.
Write to paul.larkins@dowjones.com
Expected Major Events for Friday
06:00/DEN: May Retail Sales Index
06:00/GER: Jul GfK consumer climate survey
07:00/SPN: May PPI
08:00/ITA: Jun Consumer Confidence Survey
08:00/ITA: Jun Business Confidence Survey
08:00/EU: May Monetary developments in the euro area (M3)
08:30/UK: May Capital issuance
09:00/ITA: May Foreign Trade non-EU
10:00/UK: Jun CBI Distributive Trades Survey
11:00/UK: 2Q Bank of England Quarterly Bulletin
All times in GMT. Powered by Kantar Media and Dow Jones.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
06-25-21 0023ET
