The GfK consumer sentiment indicator for Germany dropped unexpectedly to 10.4 heading into April 2019 from a downwardly revised 10.7 in the previous month and missing market expectations of 10.8. This was the lowest reading since December, as both income expectations and propensity to buy worsened amid uncertainties caused by Brexit and the trade conflict. The income expectations sub-index declined 4.1 points to 55.9; and the gauge measuring consumers' willingness to buy fell 3.4 points to 50.2, the lowest value since December 2016. Meanwhile, the economic expectations sub-index rose 7 points to 11.2, the first increase following five months of decline. Consumer Confidence in Germany averaged 6.26 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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 10.4 10.7 10.8 10.7
2019-04-30 06:00 AM GfK Consumer Confidence 10.4 10.2
2019-05-27 06:00 AM GfK Consumer Confidence 9.6
2019-06-25 06:00 AM GfK Consumer Confidence 9.7


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 10.40 10.70 16.80 -3.50 Index Points [+]
Retail Sales MoM 0.90 2.80 4.60 -6.10 percent [+]
Retail Sales YoY 4.70 3.10 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 2981648.00 2969182.00 2981648.00 6461.00 EUR Million [+]
Bank Lending Rate 2.04 2.01 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 1.57 1.55 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.40 10.70 16.80 -3.50 2001 - 2019 Index Points Monthly
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Country Last Previous
Argentina 34.80 Mar/19
Australia 100.70 Apr/19
Brazil 114.30 Dec/18
Canada 50.76 Apr/19
China 126.00 Feb/19
Euro Area -7.20 Mar/19
France 96.00 Mar/19
Germany 10.40 Apr/19
India 104.60 Mar/19
Indonesia 124.50 Mar/19
Italy 110.50 Apr/19
Japan 40.50 Mar/19
Mexico 116.30 Mar/19
Netherlands -4.00 Mar/19
Russia -16.00 Mar/19
Saudi Arabia 109.00 Dec/18
South Africa 7.00 Dec/18
South Korea 99.80 Mar/19
Spain 93.90 Mar/19
Switzerland -4.00 Mar/19
Turkey 59.40 Mar/19
United Kingdom -13.00 Mar/19
United States 96.90 Apr/19


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