The GfK consumer sentiment indicator for Germany dropped to 9.8 heading into July 2019 from 10.1 in June, below market estimates of 10. It was the weakest reading since April 2017, as the gauge measuring income expectations fell sharply to its lowest in over two years amid fears concerning job losses, namely in the automotive industry. The income expectations sub-index tumbled 12.2 points to 45.5, the lowest since March 2017 when it stood at 41.6. Conversely, the economic expectations sub-index edged up 0.7 points to 2.4, stabilizing at a relatively low level on the back of government's decision to revise lower its 2019 GDP growth forecast to 0.5 percent, due to global economic cooling off, on-going discussions around Brexit, and the trade war with the US. Also, the gauge measuring consumers' willingness to buy gained 3.2 points to 53.7. Consumer Confidence in Germany averaged 6.31 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.

Germany GfK Consumer Climate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-26 07:00 AM GfK Consumer Confidence Apr 10.4 10.7 10.8 10.7
2019-04-30 06:00 AM GfK Consumer Confidence May 10.4 10.4 10.3 10.2
2019-05-28 06:00 AM GfK Consumer Confidence Jun 10.1 10.2 10.4 10.5
2019-06-26 06:00 AM GfK Consumer Confidence Jul 9.8 10.1 10.0 10.2
2019-07-30 06:00 AM GfK Consumer Confidence Aug 9.8 9.9
2019-08-28 06:00 AM GfK Consumer Confidence Sep 10.1
2019-09-25 06:00 AM GfK Consumer Confidence Oct 10.2


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 9.80 10.10 16.80 -3.50 Index Points [+]
Retail Sales MoM -0.60 -1.00 4.60 -6.10 percent [+]
Retail Sales YoY 4.00 4.60 9.70 -7.90 percent [+]
Consumer Spending 408.97 404.05 408.97 290.30 EUR Billion [+]
Disposable Personal Income 505.02 502.47 505.02 22.96 EUR Billion [+]
Personal Savings 10.50 10.80 17.30 7.80 percent [+]
Consumer Credit 234441.00 233662.00 423705.00 21369.00 EUR Million [+]
Private Sector Credit 3022346.00 3004813.00 3022346.00 6461.00 EUR Million [+]
Bank Lending Rate 2.12 2.10 6.55 2.01 percent [+]
Households Debt To GDP 52.90 52.70 70.90 35.00 percent of GDP [+]
Households Debt To Income 82.51 82.68 106.63 82.51 percent [+]
Gasoline Prices 1.69 1.72 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.80 10.10 16.80 -3.50 2001 - 2019 Index Points Monthly
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Country Last Previous
Argentina 40.60 Jun/19
Australia 96.50 Jul/19
Brazil 47.00 Jun/19
Canada 54.51 Jul/19
China 123.40 May/19
Euro Area -7.20 Jun/19
France 101.00 Jun/19
Germany 9.80 Jul/19
India 97.00 Sep/19
Indonesia 126.40 Jun/19
Italy 109.60 Jun/19
Japan 38.70 Jun/19
Mexico 107.52 Jun/19
Netherlands 0.00 Jun/19
Russia -15.00 Jun/19
Saudi Arabia 112.00 Mar/19
South Africa 5.00 Jun/19
South Korea 97.50 Jun/19
Spain 102.30 Jun/19
Switzerland -6.00 Jun/19
Turkey 57.60 Jun/19
United Kingdom -13.00 Jun/19
United States 98.40 Jul/19


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