The GfK consumer sentiment indicator for Germany dropped unexpectedly to 10.1 heading into June 2019 from a downwardly revised 10.2 in the previous month and missing market estimates of 10.4. This was the weakest reading since May 2017, as both economic outlook and the willingness to buy fell following government's recent decision to revised lower its 2019 GDP growth forecast to 0.5 percent, due to rising global headwinds. The economic expectations sub-index fell 1.7 points following a loss of 1.3 points previously, and the gauge measuring consumers' willingness to buy fell 2.6 points to 50.5. Meanwhile, the income expectations sub-index edged up 0.9 points to 57.7. Consumer Confidence in Germany averaged 6.29 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 9.40 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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 10.4 10.7 10.8 10.7
2019-04-30 06:00 AM GfK Consumer Confidence 10.4 10.4 10.3 10.2
2019-05-28 06:00 AM GfK Consumer Confidence 10.1 10.2 10.4 10.5
2019-06-26 06:00 AM GfK Consumer Confidence 10.1 10.0 10.2
2019-07-25 06:00 AM GfK Consumer Confidence 10.3
2019-08-26 06:00 AM GfK Consumer Confidence 10.1


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 10.10 10.20 16.80 -3.50 Index Points [+]
Retail Sales MoM -2.00 0.00 4.60 -6.10 percent [+]
Retail Sales YoY 4.00 -2.00 9.70 -7.90 percent [+]
Consumer Spending 408.97 404.05 408.97 290.30 EUR Billion [+]
Disposable Personal Income 505.02 502.47 505.02 22.96 EUR Billion [+]
Personal Savings 10.50 10.80 17.30 7.80 percent [+]
Consumer Credit 234441.00 233662.00 423705.00 21369.00 EUR Million [+]
Private Sector Credit 3004813.00 2996888.00 3004813.00 6461.00 EUR Million [+]
Bank Lending Rate 2.10 2.05 6.55 2.01 percent [+]
Households Debt To GDP 52.90 52.70 70.90 35.00 percent of GDP [+]
Households Debt To Income 82.51 82.68 106.63 82.51 percent [+]
Gasoline Prices 1.72 1.68 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.10 10.20 16.80 -3.50 2001 - 2019 Index Points Monthly
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Country Last Previous
Argentina 36.50 May/19
Australia 100.70 Jun/19
Brazil 48.40 Mar/19
Canada 56.76 Jun/19
China 125.30 Apr/19
Euro Area -7.20 Jun/19
France 99.00 May/19
Germany 10.10 Jun/19
India 105.00 Jun/19
Indonesia 128.20 May/19
Italy 111.80 May/19
Japan 39.40 May/19
Mexico 110.00 May/19
Netherlands 0.00 Jun/19
Russia -16.00 Mar/19
Saudi Arabia 112.00 Mar/19
South Africa 5.00 Jun/19
South Korea 97.50 Jun/19
Spain 96.90 May/19
Switzerland -6.00 Jun/19
Turkey 57.60 Jun/19
United Kingdom -10.00 May/19
United States 97.90 Jun/19


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