The GfK Consumer Climate Indicator in Germany declined to -6.8 heading into January of 2021 from a downwardly revised -1.8 in December and well below market forecasts of -2.7. It was the lowest reading since June, due to rising inflation and a surge in coronavirus cases. The income expectations sub-index decreased to 6.9 from 12.9 and the gauge for economic outlook fell to 17 from 31. In addition, consumers' propensity to buy tumbled to 0.8 from 9.7. "High case numbers due to the fourth wave of the coronavirus pandemic with further restrictions, as well as significantly increased prices, are putting more and more pressure on consumer sentiment," Rolf Buerkl, consumer expert at GfK, said. source: GfK Group

Consumer Confidence in Germany averaged 5.34 points from 2001 until 2022, 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 January of 2022.

Consumer Confidence in Germany is expected to be -1.60 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 7.50 points in 2022 and 5.10 points in 2023, according to our econometric models.

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Germany GfK Consumer Climate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-25 07:00 AM Dec -1.6 1 -0.5 -0.2
2021-12-21 07:00 AM Jan -6.8 -1.8 -2.7 -2.7
2022-01-27 07:00 AM Feb -6.8 -8 -7.8


Related Last Previous Unit Reference
Consumer Confidence -6.80 -1.80 points Jan/22

News Stream
German Consumer Morale Weakens Further
The GfK Consumer Climate Indicator in Germany declined to -6.8 heading into January of 2021 from a downwardly revised -1.8 in December and well below market forecasts of -2.7. It was the lowest reading since June, due to rising inflation and a surge in coronavirus cases. The income expectations sub-index decreased to 6.9 from 12.9 and the gauge for economic outlook fell to 17 from 31. In addition, consumers' propensity to buy tumbled to 0.8 from 9.7. "High case numbers due to the fourth wave of the coronavirus pandemic with further restrictions, as well as significantly increased prices, are putting more and more pressure on consumer sentiment," Rolf Buerkl, consumer expert at GfK, said.
2021-12-21
German Consumer Morale Drops More than Expected
The GfK Consumer Climate Indicator in Germany fell to -1.6 heading into December of 2021 from an upwardly revised 1 in November and compared to market forecasts of -0.5 points. It was the lowest reading since June, as consumers grew increasingly worried about inflation and the COVID-19 situation, which negatively affected the propensity to buy as well as both economic and income expectations. "On the one hand, there is the fourth wave of the pandemic with exploding incidences, the threat of overburdening the health system and fear of further restrictions. On the other hand, a high inflation rate is melting the purchasing power of consumers” said GfK expert Rolf Buerkl.
2021-11-25
Germany Consumer Climate Unexpectedly Improves
The GfK Consumer Climate Indicator in Germany unexpectedly increased to 0.9 heading into November of 2021 from an upwardly revised 0.4 in October and beating market forecasts of -0.5. It is the highest reading since April 2020 although the positive mood will likely fade if prices continue to soar. Propensity to buy improved but both economic and income expectations fell. "German citizens seem to be expecting even more price hikes, which is why they consider it prudent to make purchases now to avoid even higher prices," said GfK expert Rolf Buerkl.
2021-10-27

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.