The GfK Consumer Climate Indicator for Germany was unchanged at -0.3 heading into August of 2021, remaining at 1-year high but well below market forecasts of 1. The indicator remains much below 10 level before the pandemic, as rising coronavirus infections and a stagnation of the vaccination progress weigh on consumers' mood. Economic and income expectations declined slightly and inflation is expected to rise while propensity to buy increased. However, "despite the current stagnation of consumer confidence, the domestic economy will make a positive contribution to overall economic development in the second half of the year" said Rolf Brkl, a GfK consumer expert. source: GfK Group
Consumer Confidence in Germany averaged 5.48 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 July of 2021.
Consumer Confidence in Germany is expected to be 5.10 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.