The GfK Consumer Climate Indicator in Germany rose to 0.3 heading into October of 2021 from an upwardly revised -1.1 in September and beating market forecasts of -1.6. It is the highest reading since April of 2020 and closer to pre-pandemic levels, as both economic and income expectations improved and the propensity to buy rose slightly. The number of coronavirus infections is falling significantly and consumers believe the fourth wave of the pandemic will be less pronounced than many feared, leaving space for a further relaxation of restrictions again. Despite the rebound in consumer sentiment, GfK analysts consider it's too early to talk about a fundamental trend shift. source: GfK Group
Consumer Confidence in Germany averaged 5.44 points from 2001 until 2021, 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 October of 2021.
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.