The GfK Consumer Climate Indicator in Germany rose to -40.2 heading into December of 2022 from -41.9 in November, compared with market expectations of -39.6. The latest reading marked a further stabilization in sentiment amid government energy measures, with both economic conditions (-17.9 vs -22.2) and income expectations (-54.3 vs -60.5) increasing. Meantime, the willingness to buy was marginally lower (-18.6 vs -17.5), as consumers are still putting aside money in anticipation of exploding energy bills in the coming months. The index hit its record low of -42.8 in October. “Consumers' long-standing fear of skyrocketing energy prices has currently eased, which is having a slightly positive impact on consumer sentiment," said Rolf Bürkl, GfK consumer expert. "On the one hand, some energy prices have recovered a bit, and on the other hand, consumers apparently assume the measures adopted to cap energy prices can help curb inflation, even if this may turn out to be rather modest.” source: GfK Group

Consumer Confidence in Germany averaged 3.97 points from 2001 until 2022, 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 December of 2022.

Consumer Confidence in Germany is expected to be -38.00 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 -18.00 points in 2023 and -6.00 points in 2024, according to our econometric models.

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Germany GfK Consumer Climate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-27 06:00 AM Nov -41.9 -42.8 -41.9 -40
2022-11-25 07:00 AM Dec -40.2 -41.9 -39.6 -38
2022-12-21 07:00 AM Jan -40.2 -36


Related Last Previous Unit Reference
Consumer Confidence -40.20 -41.90 points Dec 2022

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
-40.20 -41.90 16.80 -42.80 2001 - 2022 points Monthly
SA

News Stream
Germany Consumer Morale Stabilizes
The GfK Consumer Climate Indicator in Germany rose to -40.2 heading into December of 2022 from -41.9 in November, compared with market expectations of -39.6. The latest reading marked a further stabilization in sentiment amid government energy measures, with both economic conditions (-17.9 vs -22.2) and income expectations (-54.3 vs -60.5) increasing. Meantime, the willingness to buy was marginally lower (-18.6 vs -17.5), as consumers are still putting aside money in anticipation of exploding energy bills in the coming months. The index hit its record low of -42.8 in October. “Consumers' long-standing fear of skyrocketing energy prices has currently eased, which is having a slightly positive impact on consumer sentiment," said Rolf Bürkl, GfK consumer expert. "On the one hand, some energy prices have recovered a bit, and on the other hand, consumers apparently assume the measures adopted to cap energy prices can help curb inflation, even if this may turn out to be rather modest.”
2022-11-25
Germany Consumer Sentiment Edges Higher
The GfK Consumer Climate Indicator in Germany edged higher to -41.9 heading into November of 2022 from a revised -42.8 in October, and in line with market expectations. It is the first increase in consumer morale after four consecutive months of record low reading, but still points to a negative mood. "It is certainly too early to speak of a trend reversal at the moment. The situation remains very tense for consumer sentiment. It remains to be seen whether the current stabilization will last, or in light of the coming winter, there is reason to fear a further deterioration of the situation" said Rolf Buerkl, GfK consumer expert. In October, there was a slight improvement in both income expectations (-60.5 vs -67.7) and willingness to buy (-17.5 vs -19.5) while the business cycle expectations worsened (-22.2 vs -21.9).
2022-10-27
German Consumer Morale Hits Fresh Low
The GfK Consumer Climate Indicator in Germany fell to -42.5 heading into October of 2022 from a revised -36.8 in the prior month, hitting a new record low for the fourth straight month and worse than market forecasts of -39. The latest reading highlighted mounting concerns over surging inflation and high energy prices as well as persistent recession fears, with income expectations plummeting to a new record low of (down by 22.4 points to -67.7). Also, economic expectations dropped 4.3 points to -21.9, reaching its lowest since May 2009; while the willingness to buy fell 2.8 points to -19.5, the lowest print since October 2008, marking the eighth straight month of declines. “The current very high inflation rates of almost eight percent are leading to large real income losses among consumers and thus to significantly reduced purchasing power,” said Rolf Bürkl, GfK consumer expert.
2022-09-28