The GfK consumer sentiment indicator for Germany rose to -9.6 heading into July 2020 from an upwardly revised -18.6 in the previous month and compared with market consensus -12.0. Both economic and income expectations improved, as well as propensity to buy, following the gradual lifting of restrictions imposed to contain the coronavirus. The gauge for business cycle expectations jumped 18.9 points to +8.5, the highest reading since January 2019 and far above its long-term average of zero. Also, the income expectations index advanced 12.3 points to +6.6 and the willingness to buy indicator rose 13.9 points to +19.4.
Consumer Confidence in Germany averaged 6.10 points from 2001 until 2020, 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 July of 2020. source: GfK Group
Consumer Confidence in Germany is expected to be -18.00 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 3.20 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 6.40 points in 2021 and 7.50 points in 2022, according to our econometric models.