The GfK Consumer Climate Indicator in Germany increased to -7 heading into June of 2021 from a revised -8.6 in May and compared with market forecasts of -5.2. Improvements were seen for income (19.5 vs 9.3) and business (41.1 vs 7.3) expectations as a decrease in coronavirus cases and further progress with vaccinations were opening the door to more easing steps in the coming weeks. In contrast, willing to buy decreased (10 vs 17.3) although once all lockdown measures are lifted, households are ready to splash out over the summer months as they put aside a lot of money during the pandemic, GfK consumer expert Rolf Buerkl said. source: GfK Group
Consumer Confidence in Germany averaged 5.53 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 June of 2021.
Consumer Confidence in Germany is expected to be -3.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Germany to stand at 7.00 in 12 months time. 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.