The GfK consumer confidence index dropped to 10.4 heading into December 2018 from 10.6 in the previous month and slightly below market expectations of 10.5. It is the lowest reading since June 2017 amid persistent concerns over the US trade conflict with China and the EU, as well as Brexit negotiations. The gauge measuring economic expectations declined for the second month in a row to 17.4, and the income expectations sub-index fell 4.2 points to 50.2, hitting the lowest level this year. Meanwhile, the propensity to buy rose for the second straight time to 57.5 points, prompted by a general feeling of job security. Consumer Confidence in Germany averaged 6.17 Index Points from 2001 until 2018, reaching an all time high of 16.80 Index Points in March of 2001 and a record low of -3.50 Index Points in March of 2003.

Consumer Confidence in Germany is expected to be 10.40 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Germany to stand at 9.60 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 9.00 Index Points in 2020, according to our econometric models.

Germany GfK Consumer Climate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-29 06:00 AM GfK Consumer Confidence 10.5 10.6 10.6 10.5
2018-09-27 06:00 AM GfK Consumer Confidence 10.6 10.5 10.5 10.4
2018-10-26 06:00 AM GfK Consumer Confidence 10.6 10.6 10.5 10.4
2018-11-28 07:00 AM GfK Consumer Confidence 10.4 10.6 10.5 10.4
2018-12-21 07:00 AM GfK Consumer Confidence 10.4 10.3 10.2
2019-01-21 07:00 AM GfK Consumer Confidence
2019-02-28 07:00 AM GfK Consumer Confidence 9.80


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 10.40 10.60 16.80 -3.50 Index Points [+]
Retail Sales MoM -0.30 -0.30 4.60 -6.10 percent [+]
Retail Sales YoY 5.00 -2.80 9.70 -7.90 percent [+]
Consumer Spending 402.80 403.84 403.84 290.29 EUR Billion [+]
Disposable Personal Income 496.88 494.23 496.88 22.96 EUR Billion [+]
Personal Savings 10.70 10.20 17.30 7.80 percent [+]
Consumer Credit 232195.00 238144.00 239327.00 10926.00 EUR Million [+]
Private Sector Credit 2946631.00 2943320.00 2946631.00 6461.00 EUR Million [+]
Bank Lending Rate 2.03 2.05 6.55 2.03 percent [+]
Households Debt To GDP 52.50 52.70 70.90 35.00 percent of GDP [+]
Households Debt To Income 82.51 82.68 106.63 82.51 percent [+]
Gasoline Prices 1.72 1.77 2.14 0.91 USD/Liter [+]
Consumer Confidence Economic Expectations 41.30 34.80 69.50 -33.20 [+]
Consumer Confidence Financial Expectations 60.20 58.50 60.20 -26.70 [+]
Consumer Confidence Major Purchases Expectations 58.50 59.20 64.40 -55.40 [+]


Germany GfK Consumer Climate

The GfK Consumer Climate Indicator is based on a survey of 2000 individuals age 14 and above. The questionnaire focuses on income expectations, buying propensity and savings. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked. Their value can vary between minus 100 and plus 100 points with 0 representing the long term average. This page provides the latest reported value for - Germany Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GfK Consumer Climate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.40 10.60 16.80 -3.50 2001 - 2018 Index Points Monthly
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Country Last Previous
Argentina 32.10 Nov/18
Australia 104.40 Dec/18
Brazil 113.60 Nov/18
Canada 57.05 Nov/18
China 119.10 Oct/18
Euro Area -3.90 Nov/18
France 92.00 Nov/18
Germany 10.40 Dec/18
India 94.00 Dec/18
Indonesia 122.70 Nov/18
Italy 114.80 Nov/18
Japan 42.90 Nov/18
Mexico 99.55 Nov/18
Netherlands 13.00 Nov/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 7.00 Sep/18
South Korea 96.00 Nov/18
Spain 91.40 Nov/18
Switzerland -6.00 Dec/18
Turkey 59.60 Nov/18
United Kingdom -13.00 Nov/18
United States 97.50 Dec/18


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