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.

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Germany GfK Consumer Climate

Actual Previous Highest Lowest Dates Unit Frequency
-12.90 -15.50 16.80 -23.10 2001 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-26 07:00 AM Dec -6.7 -3.2 -5 -2
2020-12-22 07:00 AM Jan -7.3 -6.8 -8.8 -9.2
2021-01-27 07:00 AM Feb -15.6 -7.5 -7.9 -7.1
2021-02-25 07:00 AM Mar -12.9 -15.5 -14.3 -12
2021-03-25 07:00 AM Apr -12.9
2021-04-20 06:00 AM May
2021-05-20 06:00 AM Jun
2021-06-21 06:00 AM Jul


News Stream
Germany Consumer Climate Better than Expected
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.
2021-02-25
German Consumer Morale Weakest in 8 Months
The GfK Consumer Climate Indicator in Germany dropped to an eight-month low of -15.6 heading into February 2021, from a downwardly revised -7.5 in the prior month and far below market consensus of -7.9, as sentiment was hit by extension the hard lockdown measures to curb the rapid spread of coronavirus. The income expectations sub-index declined 6.5 points to -2.9, while the gauge for economic outlook fell 3.1 points to 1.3 and the willingness to buy indicator plunged 36.6 points to zero. " Consumer sentiment is facing difficult challenges in the first quarter of this year. If it is to recover sustainably, infection rates will need to decrease more than they have to date so that the measures can be relaxed significantly. This means that we will need to wait a while before we see the recovery that many had been hoping for this year, " GfK consumer expert Rolf Buerkl said.
2021-01-27
German Consumer Morale Falls to 6-Month Low
The GfK Consumer Climate Indicator in Germany dropped to a six-month low of -7.3 heading into January 2021, from a revised -6.8 in the prior month but above market consensus of -8.8, as sentiment was hit by stricter restrictive measures to curb the rapid spread of coronavirus. The income expectations sub-index declined 1 point to 3.6, while the gauge for economic outlook rose 4.6 points to 4.4 and the willingness to buy indicator increased 6.1 points to 36.6. "There is reason to fear that the consumer climate is about to enter a very difficult phase in the coming weeks. Any relaxation or recovery can certainly only come when the infection rates have dropped so far that the strict restrictions can be loosened once more", GfK consumer expert Rolf Buerkl said.
2020-12-22
German Consumer Morale Weakest in 5 Months
The GfK Consumer Climate Indicator in Germany dropped to a five-month low of -6.7 heading into December 2020, from a revised -3.2 in the prior month and below market consensus of -5, as sentiment was hit by a partial lockdown to curb a second coronavirus wave. The gauge for economic outlook fell 7.3 points to -0.2, the lowest figure since May of this year when it stood at -10.4. Also, the income expectations sub-index declined 5.2 points to 4.6, and the willingness to buy indicator dropped 6.5 points to 30.5. "How the infection rate develops in the coming weeks will play a decisive role in determining whether the consumer climate will be able to stabilize again. Only a significant decrease in the number of infections and an easing of restrictions will restore a more optimistic outlook", GfK consumer expert Rolf Buerkl said.
2020-11-26

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.