The GfK consumer sentiment indicator for Germany rose to 10.8 heading into February 2019 from an upwardly revised 10.5 in the previous month and easily beating market expectations of 10.3. This was the highest reading since May 2018, mainly supported by increases in income expectations and willingness to buy. The income expectations sub-index gained 6.1 points to 59.9, the highest level since August 2017; and the gauge measuring willingness to buy went up 4.5 points to 57.6, both supported by solid job market and rising wages. Meanwhile, the economic expectations sub-index dropped 3.4 points to 10.7, marking the fourth month of decline in a row, amid rising concerns about the trade conflict between the US, China and the EU, as well as Brexit negotiations. Consumer Confidence in Germany averaged 6.22 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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Calendar GMT Actual Previous Consensus TEForecast
2018-10-26 06:00 AM GfK Consumer Confidence 10.6 10.6 10.5 10.4
2018-11-28 07:00 AM GfK Consumer Confidence 10.4 10.6 10.5 10.4
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 10.5
2019-03-26 07:00 AM GfK Consumer Confidence 10.2
2019-04-25 06:00 AM GfK Consumer Confidence 10


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 10.80 10.50 16.80 -3.50 Index Points [+]
Retail Sales MoM -4.30 1.60 4.60 -6.10 percent [+]
Retail Sales YoY -2.10 1.90 9.70 -7.90 percent [+]
Consumer Spending 402.98 402.11 403.34 290.30 EUR Billion [+]
Disposable Personal Income 496.88 494.23 496.88 22.96 EUR Billion [+]
Personal Savings 10.70 10.20 17.30 7.80 percent [+]
Consumer Credit 233662.00 232195.00 239327.00 10926.00 EUR Million [+]
Private Sector Credit 2960850.00 2960607.00 2960850.00 6461.00 EUR Million [+]
Bank Lending Rate 2.06 2.05 6.55 2.03 percent [+]
Households Debt To GDP 52.50 52.50 70.90 35.00 percent of GDP [+]
Households Debt To Income 82.51 82.68 106.63 82.51 percent [+]
Gasoline Prices 1.53 1.57 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.80 10.50 16.80 -3.50 2001 - 2019 Index Points Monthly
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Country Last Previous
Argentina 36.00 Feb/19
Australia 103.80 Feb/19
Brazil 114.30 Dec/18
Canada 54.12 Feb/19
China 123.00 Dec/18
Euro Area -7.40 Feb/19
France 91.00 Jan/19
Germany 10.80 Feb/19
India 96.70 Dec/18
Indonesia 125.50 Jan/19
Italy 114.00 Jan/19
Japan 41.90 Jan/19
Mexico 111.99 Jan/19
Netherlands -2.00 Feb/19
Russia -17.00 Dec/18
Saudi Arabia 106.00 Sep/18
South Africa 7.00 Dec/18
South Korea 97.50 Jan/19
Spain 93.80 Jan/19
Switzerland -4.00 Mar/19
Turkey 57.80 Feb/19
United Kingdom -14.00 Jan/19
United States 95.50 Feb/19


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