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.

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Germany GfK Consumer Climate

Actual Previous Highest Lowest Dates Unit Frequency
-7.00 -8.60 16.80 -23.10 2001 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-25 07:00 AM Mar -12.9 -15.5 -14.3 -12
2021-03-25 07:00 AM Apr -6.2 -12.7 -11.9 -10.2
2021-04-28 06:00 AM May -8.8 -6.1 -3.5 -3.8
2021-05-27 06:00 AM Jun -7 -8.6 -5.2 -3
2021-06-25 06:00 AM Jul -7 -4 -3
2021-07-20 06:00 AM Aug
2021-08-20 06:00 AM Sep
2021-09-20 06:00 AM Oct


News Stream
German Consumer Confidence Disappoints
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.
2021-05-27
Germany Consumer Climate Drops as Covid-19 Weighs
The GfK Consumer Climate Indicator in Germany fell to -8.8 heading into May of 2021, after rising to -6.1 in the previous month and worse than market forecasts of -3.5, amid mounting coronavirus infections and the re-tightening of restrictions. Income (9.3 vs 22.3) and economic expectations (7.3 vs 17.7) worsened while the willingness to buy improved (17.3 vs 12.3). "Hopes for further easing of restrictions and a revival of consumption have been noticeably dampened and the economy still has a long way to go before recovering. Consumption will not be a pillar this year", said Rolf Bürkl, GfK consumer expert.
2021-04-28
German Consumer Morale Hits 5-Month High
The GfK Consumer Climate Indicator in Germany increased to -6.2 heading into April 2021, the highest level for five months and well above market expectations of -11.9, due to the gradual easing of lockdown measures to contain the rapid spread of coronavirus. However, the survey took place from March 3rd to 15th, before the extension of German lockdown until April 18th and the temporary suspension of Astra Zeneca COVID-19 shots. The income expectations sub-index increased 15.8 points to 22.3, while the gauge for economic outlook rose 9.7 points to 17.7, the willingness to buy indicator increased 4.9 points to 12.3, and consumer climate rose 2.8 points to -12.7 “ Another hard lockdown will seriously damage the consumer climate and the current improvement will remain a flash in the pan", GfK consumer expert Rolf Buerkl said.
2021-03-25
Germany Consumer Climate Better than Expected
The GfK Consumer Climate Indicator in Germany increased to -12.9 heading into March of 2021, from an upwardly revised -15.5 in the previous month which was the worst reading in 8 months. Figures were better than market forecasts of -14.3, amid hopes the coronavirus lockdown could be eased soon. “Consumers are recovering from the shock that hit them after the hard lockdown in mid-December. The recent drop in the number of infections and the vaccination campaigns that have started are fueling hopes that the measures will be relaxed soon ", says Rolf Bürkl, GfK consumer expert.
2021-02-25

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.