The GfK Consumer Climate Indicator in Germany fell to -8.8 heading into May of 2021, after rising to -6.1 in the previous month and worse than market forecasts of -3.5, amid mounting coronavirus infections and a re-tightening of restrictions. Income (9.3 vs 22.3) and business expectations (7.3 vs 17.7) worsened while the willingness to buy improved (17.3 vs 12.3). "Hopes for further easing of restrictions and a revival of consumption have been noticeably dampened and the economy still has a long way to go before recovering. Consumption will not be a pillar this year", said Rolf Bürkl, GfK consumer expert. source: GfK Group
Consumer Confidence in Germany averaged 5.58 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 April of 2021.
Consumer Confidence in Germany is expected to be 1.00 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 7.00 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 7.50 points in 2022 and 5.10 points in 2023, according to our econometric models.