The GfK Consumer Climate Indicator in Germany increased to -12.9 heading into March of 2021, from an upwardly revised -15.5 in the previous month which was the worst reading in 8 months. Figures were better than market forecasts of -14.3, amid hopes the coronavirus lockdown could be eased soon. “Consumers are recovering from the shock that hit them after the hard lockdown in mid-December. The recent drop in the number of infections and the vaccination campaigns that have started are fueling hopes that the measures will be relaxed soon ", says Rolf Bürkl, GfK consumer expert. source: GfK Group
Consumer Confidence in Germany averaged 5.69 points from 2001 until 2021, reaching an all time high of 16.80 points in March of 2001 and a record low of -23.10 points in May of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Consumer Confidence in Germany is expected to be -12.00 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 6.40 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 7.50 points in 2022, according to our econometric models.