The GfK consumer sentiment indicator for Germany stood at 10.8 heading into March 2019, unchanged from the previous month's 9-month high and in line with market consensus. The income expectations sub-index was virtually unchanged from the prior month (60 vs 59.9 in February), supported by a solid job market and rising wages and despite fears of economic headwinds; while consumers' willingness to buy remained at a high level (53.6 vs 57.6). Meanwhile, the economic expectations sub-index fell for the fifth time in a row to the lowest level since March 2016 (4.2 vs 10.7) amid rising concerns about the German economy, a trade dispute between the US, China and the EU, as well as the prospect of a no-deal Brexit. Consumer Confidence in Germany averaged 6.24 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 9.50 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
2018-11-28 07:00 AM GfK Consumer Confidence 10.4 10.6 10.5 10.4
2018-12-21 07:00 AM GfK Consumer Confidence 10.4 10.4 10.3 10.2
2019-01-30 07:00 AM GfK Consumer Confidence 10.8 10.5 10.3 10.3
2019-02-26 07:00 AM GfK Consumer Confidence 10.8 10.8 10.8 10.5
2019-03-26 07:00 AM GfK Consumer Confidence 10.8 10.8 10.7
2019-04-25 06:00 AM GfK Consumer Confidence 10.2
2019-05-27 06:00 AM GfK Consumer Confidence 9.6


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 10.80 10.80 16.80 -3.50 Index Points [+]
Retail Sales MoM 3.30 -3.10 4.60 -6.10 percent [+]
Retail Sales YoY 2.60 -1.60 9.70 -7.90 percent [+]
Consumer Spending 402.98 402.11 403.34 290.30 EUR Billion [+]
Disposable Personal Income 502.12 496.88 502.12 22.96 EUR Billion [+]
Personal Savings 10.90 10.70 17.30 7.80 percent [+]
Consumer Credit 233662.00 232195.00 239327.00 10926.00 EUR Million [+]
Private Sector Credit 2969182.00 2960850.00 2969182.00 6461.00 EUR Million [+]
Bank Lending Rate 2.01 2.06 6.55 2.01 percent [+]
Households Debt To GDP 52.70 52.50 70.90 35.00 percent of GDP [+]
Households Debt To Income 82.51 82.68 106.63 82.51 percent [+]
Gasoline Prices 1.55 1.53 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.80 10.80 16.80 -3.50 2001 - 2019 Index Points Monthly
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Country Last Previous
Argentina 34.80 Mar/19
Australia 98.80 Mar/19
Brazil 114.30 Dec/18
Canada 55.08 Mar/19
China 123.00 Dec/18
Euro Area -7.20 Mar/19
France 95.00 Feb/19
Germany 10.80 Mar/19
India 97.00 Mar/19
Indonesia 125.10 Feb/19
Italy 112.40 Feb/19
Japan 41.50 Feb/19
Mexico 119.88 Feb/19
Netherlands -4.00 Mar/19
Russia -17.00 Dec/18
Saudi Arabia 109.00 Dec/18
South Africa 7.00 Dec/18
South Korea 99.50 Feb/19
Spain 96.10 Feb/19
Switzerland -4.00 Mar/19
Turkey 59.40 Mar/19
United Kingdom -13.00 Feb/19
United States 97.80 Mar/19


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