Germany's GfK Consumer Climate Indicator increased for an eighth straight month to -24.2 heading into June 2023, the highest reading since April last year and compared to forecasts of -24. A decline in the propensity to save was the main contributor to the improvement in consumers' mood, as expected wage gains help to ease concerns regarding a fall in purchasing power due to inflation. Income expectations also advanced due to an anticipated rise in wages. However, consumer sentiment is not showing a clear upward trend and it is still below the low level of spring 2020 during the first covid lockdown, according to Rolf Bürkl, GfK consumer expert. source: GfK Group

Consumer Confidence in Germany averaged 3.21 points from 2001 until 2023, reaching an all time high of 16.80 points in March of 2001 and a record low of -42.80 points in October of 2022. 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 June of 2023.

Consumer Confidence in Germany is expected to be -24.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany GfK Consumer Climate is projected to trend around -6.00 points in 2024 and -2.00 points in 2025, according to our econometric models.

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Germany GfK Consumer Climate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 06:00 AM May -25.7 -29.3 -27.9 -28
2023-05-25 06:00 AM Jun -24.2 -25.8 -24 -24
2023-06-28 06:00 AM Jul -24.2 -23


Related Last Previous Unit Reference
Consumer Confidence -24.20 -25.80 points Jun 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-24.20 -25.80 16.80 -42.80 2001 - 2023 points Monthly
SA

News Stream
Germany Consumer Climate Edges Up
Germany's GfK Consumer Climate Indicator increased for an eighth straight month to -24.2 heading into June 2023, the highest reading since April last year and compared to forecasts of -24. A decline in the propensity to save was the main contributor to the improvement in consumers' mood, as expected wage gains help to ease concerns regarding a fall in purchasing power due to inflation. Income expectations also advanced due to an anticipated rise in wages. However, consumer sentiment is not showing a clear upward trend and it is still below the low level of spring 2020 during the first covid lockdown, according to Rolf Bürkl, GfK consumer expert.
2023-05-25
German Consumer Morale Jumps to 13-Month High
Germany's GfK Consumer Climate Indicator increased for a seventh straight month to -25.7 heading into May 2023, the highest since April 2022 and compared with market forecasts of -27.9. Income expectations were the main contributor to the rise (up 13.6 points to -10.7), improving for the seventh time and returning to pre-Ukraine war levels for the first time, helped by easing energy prices and anticipated wage raise. Also, economic expectations continued their upward trend (up 10.6 points to 14.3), and the propensity to buy advanced for the third month running (up 3.9 points to -13.1). "Consumer climate is picking up speed again," said Rolf Bürkl, GfK consumer expert. "However, the value still remains below the pre-pandemic level of about three years ago."
2023-04-26
Germany Consumer Climate Rises for 6th Month
Germany's GfK Consumer Climate Indicator increased for a sixth consecutive month to -29.5 heading into April of 2023, the highest since July, and compared to market forecasts of -29.2. Income expectations were the main contributor, prompted by the recent drop in energy prices, especially for petrol and heating oil. The April reading showed consumer sentiment is on its way towards recovery although the momentum is noticeably slower than in the previous months. Also, "the anticipated loss of purchasing power is preventing a sustained recovery of domestic demand", according to GfK consumer expert Rolf Buerkl.
2023-03-29