The GfK consumer sentiment indicator for Germany stood at 9.7 heading into September 2019, unchanged from the previous month's two-year low and compared to market expectations of 9.6. The gauge measuring economic expectations fell to -12, the lowest level since January 2013, amid concerns over global economic downturn, ongoing trade tensions and the prospect of a no-deal Brexit. Also, the income expectations sub-index slipped 0.7 points to 50.1, while the indicator measuring consumer's willingness to buy rose 2.5 points to 48.8. Consumer Confidence in Germany averaged 6.34 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 9.70 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 9.10 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.