The GfK consumer sentiment indicator for Germany was unchanged at 10.4 heading into May 2019, beating market expectations of 10.3, as an increase in both income expectations (up 2.5 points to 58.4) and willingness to buy (up 4.6 points to 54.8) offset a marked decline in economic expectations (down 5.1 points to 6.1). "Since developments on the labor market should remain stable despite a weak economic period, consumers clearly do not yet see any reason to abandon their income optimism," GfK said in a statement. Consumer Confidence in Germany averaged 6.27 Index Points from 2001 until 2019, 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 10.50 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 9.40 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 8.50 Index Points in 2020, according to our econometric models.