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.