German Consumer Morale Below Estimates

2025-03-28 07:28 By Farida Husna 1 min. read

Germany’s GfK Consumer Climate Indicator stood at -24.5 heading into April 2025, little changed from a marginally revised -24.6 in the previous period, missing market expectations of -23.0.

This was the first survey conducted after the parliamentary elections, showing improvements in economic prospects (6.9 vs. 1.2 in March), income expectations (-3.1 vs. -5.4), and willingness to buy (-8.2 vs. -11.1).

However, the propensity to save rose further (13.8 vs. 9.4), reaching its highest level since April 2024.

According to Rolf Bürkl, a consumer expert at NIM, the rapid formation of a new government and the early adoption of this year’s budget have somewhat eased consumer pessimism.

Still, uncertainty remains.

"Whether these consumer hopes for a revival of the German economy are justified remains to be seen.

This will also depend on whether the recently adopted fiscal stimulus package is implemented swiftly and effectively," Bürkl noted.



News Stream
Danish Jobless Rate Steady at 2.6% for 5th Month
Denmark’s unemployment rate rose to 2.6% in January 2026, remaining unchanged over the past four months. The number of unemployed increased slightly by 0.2 thousand to 78.5 thousand, while unemployment rates remained unchanged for both men (2.9%) and women (3%). Net unemployment benefits rose by 0.1 thousand to 68.8 thousand, and cash assistance recipients also grew by 0.1 thousand to 9.7 thousand, mainly due to a higher influx of Ukrainians with residence permits who are considered job-ready. Meanwhile, youth unemployment, covering job seekers aged 16 to 24, remained at 1.5%, as did the rate for those aged 25 to 29 at 4.8%. For individuals aged 60–66, the number of unemployed rose by 0.1 thousand to 3.1 thousand, while rates for other age groups remained unchanged.
2026-02-27
Danish Jobless Rate Remains Steady for 4th Month
Denmark’s unemployment rate held steady at 2.6% in December 2025, unchanged from the previous three months and remaining at its highest level since November 2024. The number of unemployed individuals increased by 0.3 thousand from a month earlier to 78.7 thousand, with the unemployment rate for men edging up to 2.9% from 2.8%, while the rate for women stood at 3%. Net unemployment benefit recipients rose by 0.1 thousand to 69 thousand, while cash assistance recipients grew by 0.2 thousand to 9.7 thousand, mainly due to an increased influx of Ukrainians with residence permits who are considered job-ready. Meanwhile, the youth unemployment rate, representing job-seekers aged 16 to 24, increased by 0.2 percentage points to 1.5% and by 0.1 percentage points to 4.9% for those aged 25 to 29, while it remained unchanged for other aged groups.
2026-01-30
Danish Jobless Rate Stays at 2.6% for 3rd Month
Denmark’s unemployment rate stood at 2.6% in November 2025, unchanged from the previous two months and remaining at its highest level since November 2024. The number of unemployed individuals increased by 0.2 thousand from a month earlier to 78.1 thousand, with the unemployment rate unchanged for both men and women at 2.8% and 3.0%, respectively. Net unemployment benefit recipients decreased by 0.2 thousand to 68.9 thousand, while cash assistance recipients rose by 0.4 thousand to 9.5 thousand, mainly due to an increased influx of Ukrainians with residence permits who are considered job-ready. Meanwhile, the youth unemployment rate, representing job-seekers aged 16 to 24, edged up by 0.1 percentage points to 1.3%, while it decreased by 0.1 percentage points to 4.8% for those aged 25-29 and remained unchanged for the other age groups.
2026-01-08