The GfK Consumer Climate Indicator in Germany declined to a fresh record low of -27.4 heading into July of 2022 from an upwardly revised -26.2 in June, and compared to market forecasts of -27.7. All main sub-indexes suffered losses, with the increase in cost living weighing heavily and as consumers continue to see a significant risk of the German economy slipping into recession. The economic expectations gauge fell to -11.7 from -9.3; income expectations went down to -33.5 vs -23.7, the lowest value in almost 20 years; and the propensity to buy dropped to -13.7 from -11.1. " The ongoing war in Ukraine and disrupted supply chains are causing energy and food prices in particular to explode and making the consumer climate more gloomy than ever," Rolf Bürkl, GfK consumer expert said. source: GfK Group

Consumer Confidence in Germany averaged 4.79 points from 2001 until 2022, reaching an all time high of 16.80 points in March of 2001 and a record low of -27.40 points in July 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 June of 2022.

Consumer Confidence in Germany is expected to be -25.20 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 6.50 points in 2023 and 5.10 points in 2024, according to our econometric models.

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Germany GfK Consumer Climate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 06:00 AM Jun -26 -26.6 -26 -25.2
2022-06-28 06:00 AM Jul -27.4 -26.2 -27.6 -27.9
2022-07-27 06:00 AM Aug -27.4


Related Last Previous Unit Reference
Consumer Confidence -27.40 -26.20 points Jul 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
-27.40 -26.20 16.80 -27.40 2001 - 2022 points Monthly
SA

News Stream
German Consumer Morale Hits Fresh Record Low
The GfK Consumer Climate Indicator in Germany declined to a fresh record low of -27.4 heading into July of 2022 from an upwardly revised -26.2 in June, and compared to market forecasts of -27.7. All main sub-indexes suffered losses, with the increase in cost living weighing heavily and as consumers continue to see a significant risk of the German economy slipping into recession. The economic expectations gauge fell to -11.7 from -9.3; income expectations went down to -33.5 vs -23.7, the lowest value in almost 20 years; and the propensity to buy dropped to -13.7 from -11.1. " The ongoing war in Ukraine and disrupted supply chains are causing energy and food prices in particular to explode and making the consumer climate more gloomy than ever," Rolf Bürkl, GfK consumer expert said.
2022-06-28
German Consumer Confidence Near Record Lows
The GfK Consumer Climate Indicator in Germany edged up to -26 heading into June of 2022 from a record low of -26.6 in May, matching market forecasts. Both economic (-9.3 vs -16.4) and income (-23.7 vs -31.1) expectations showed moderate gains, while the propensity to buy was little changed (-11.1 vs -10.6). Despite the small rise in June, consumer sentiment is still at an all-time low. "Despite further easing of corona-related restrictions, the Ukraine war and above all the high inflation are weighing heavily on consumer sentiment", Rolf Bürkl, GfK consumer expert said.
2022-05-25
German Consumer Morale Hits Record Low
The GfK Consumer Climate Indicator in Germany plunged to -26.5 heading into May of 2022 and far below market consensus of -16 and after a downwardly revised -15.7 in the prior month. It is the lowest reading on record as the war in Ukraine leads to soaring costs for households and dashes hopes of a post-pandemic recovery. Household's economic and income prospects declined and the propensity to buy fell to the lowest in more than 13 years. "The war in Ukraine and rates of high inflation have dealt a severe blow to consumer sentiment. This means that hopes of a recovery from the easing of pandemic-related restrictions have finally been dashed," GfK consumer expert Rolf Buerkl said in a statement.
2022-04-27