Germany's GfK Consumer Climate Indicator increased for a sixth consecutive month to -29.5 heading into April of 2023, the highest since July, and compared to market forecasts of -29.2. Income expectations were the main contributor, prompted by the recent drop in energy prices, especially for petrol and heating oil. The April reading showed consumer sentiment is on its way towards recovery although the momentum is noticeably slower than in the previous months. Also, "the anticipated loss of purchasing power is preventing a sustained recovery of domestic demand", according to GfK consumer expert Rolf Buerkl. source: GfK Group

Consumer Confidence in Germany averaged 3.42 points from 2001 until 2023, reaching an all time high of 16.80 points in March of 2001 and a record low of -42.80 points in October of 2022. 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 March of 2023.

Consumer Confidence in Germany is expected to be -32.00 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 -6.00 points in 2024 and -2.00 points in 2025, according to our econometric models.

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Germany GfK Consumer Climate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-24 07:00 AM Mar -30.5 -33.8 -30.4 -32
2023-03-29 06:00 AM Apr -29.5 -30.6 -29.2 -30
2023-04-26 06:00 AM May -29.5


Related Last Previous Unit Reference
Consumer Confidence -29.50 -30.60 points Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-29.50 -30.60 16.80 -42.80 2001 - 2023 points Monthly
SA

News Stream
Germany Consumer Climate Rises for 6th Month
Germany's GfK Consumer Climate Indicator increased for a sixth consecutive month to -29.5 heading into April of 2023, the highest since July, and compared to market forecasts of -29.2. Income expectations were the main contributor, prompted by the recent drop in energy prices, especially for petrol and heating oil. The April reading showed consumer sentiment is on its way towards recovery although the momentum is noticeably slower than in the previous months. Also, "the anticipated loss of purchasing power is preventing a sustained recovery of domestic demand", according to GfK consumer expert Rolf Buerkl.
2023-03-29
Germany Consumer Sentiment Recovers Further
Germany's GfK Consumer Climate Indicator rose to -30.5 heading into March 2023 from a marginally revised -33.8 in February and compared with market expectations of -30.4. The latest reading was the highest since July 2022, pointing to the fifth straight month of increase in sentiment amid a fall in energy prices and hopes that the country could avoid a recession. Both income expectations (-27.3 vs -32.2) and economic conditions (6.0 vs -0.6) improved significantly, while the willingness to buy remained uncertain, up only slightly (-17.3 vs -18.7). The index hit its record low of -42.8 in October 2022. "Despite ongoing crises, consumer sentiment has once again increased noticeably. It thus remains firmly on the path to recovery, even if the level remains low. Consumer pessimism, which peaked last fall, is fading," explains Rolf Bürkl, GfK consumer expert.
2023-02-24
Germany Consumer Morale Recovers Further
Germany's GfK Consumer Climate Indicator rose to -33.9 heading into February 2023 from a marginally revised -37.6 in January and compared with market expectations of -33.0. The latest reading was the highest since August 2022, pointing to the fourth straight month of improvement in sentiment amid a fall in energy prices, with both income expectations (-32.2 vs -43.4) and economic conditions (-0.6 vs -10.3) picking up. Meanwhile, the willingness to buy slid slightly (-18.7 vs -16.3) as consumers feared higher heating bills in the coming months. The index hit its record low of -42.8 in October 2022. “Falling energy prices have ensured that consumer sentiment is less gloomy," said Rolf Bürkl, GfK consumer expert. "Nevertheless, 2023 will remain difficult for the domestic economy. Private consumption will not be able to positively contribute to overall economic development this year. This is also signaled by the still very low level of the indicator.”
2023-01-24