The GfK consumer sentiment indicator for Germany stood at 9.7 heading into September 2019, unchanged from the previous month's two-year low and compared to market expectations of 9.6. The gauge measuring economic expectations fell to -12, the lowest level since January 2013, amid concerns over global economic downturn, ongoing trade tensions and the prospect of a no-deal Brexit. Also, the income expectations sub-index slipped 0.7 points to 50.1, while the indicator measuring consumer's willingness to buy rose 2.5 points to 48.8. Consumer Confidence in Germany averaged 6.34 Index Points from 2001 until 2019, reaching an all time high of 16.80 Index Points in March of 2001 and a record low of -3.50 Index Points in March of 2003.

Consumer Confidence in Germany is expected to be 9.70 Index 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 9.10 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 8.50 Index Points in 2020, according to our econometric models.

Germany GfK Consumer Climate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-28 06:00 AM GfK Consumer Confidence Jun 10.1 10.2 10.4 10.5
2019-06-26 06:00 AM GfK Consumer Confidence Jul 9.8 10.1 10.0 10.2
2019-07-30 06:00 AM GfK Consumer Confidence Aug 9.7 9.8 9.7 9.8
2019-08-28 06:00 AM GfK Consumer Confidence Sep 9.7 9.7 9.6 9.7
2019-09-26 06:00 AM GfK Consumer Confidence Oct 9.7 9.8
2019-10-25 06:00 AM GfK Consumer Confidence Nov 10
2019-11-25 07:00 AM GfK Consumer Confidence Dec 9.8


Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 9.70 9.70 16.80 -3.50 Index Points [+]
Retail Sales MoM -2.20 3.00 4.60 -6.10 percent [+]
Retail Sales YoY 4.40 -1.60 9.70 -7.90 percent [+]
Consumer Spending 426.09 425.69 426.09 311.47 EUR Billion [+]
Disposable Personal Income 501.99 496.30 501.99 22.96 EUR Billion [+]
Personal Savings 10.80 10.90 17.30 7.80 percent [+]
Consumer Credit 235851.00 234440.00 423705.00 21369.00 EUR Million [+]
Private Sector Credit 3051501.00 3045201.00 3051501.00 6461.00 EUR Million [+]
Bank Lending Rate 2.02 2.08 6.55 2.01 percent [+]
Households Debt To GDP 52.90 52.70 70.90 35.00 percent of GDP [+]
Households Debt To Income 82.51 82.68 106.63 82.51 percent [+]
Gasoline Prices 1.59 1.64 2.14 0.91 USD/Liter [+]
Consumer Confidence Economic Expectations 41.30 34.80 69.50 -33.20 [+]
Consumer Confidence Financial Expectations 60.20 58.50 60.20 -26.70 [+]
Consumer Confidence Major Purchases Expectations 58.50 59.20 64.40 -55.40 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.70 9.70 16.80 -3.50 2001 - 2019 Index Points Monthly
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Country Last Previous
Argentina 41.90 Aug/19
Australia 98.20 Sep/19
Brazil 47.00 Jun/19
Canada 53.00 Sep/19
China 124.40 Jul/19
Euro Area -7.10 Aug/19
France 102.00 Aug/19
Germany 9.70 Sep/19
India 95.70 Sep/19
Indonesia 123.10 Aug/19
Italy 111.90 Aug/19
Japan 37.10 Aug/19
Mexico 43.40 Aug/19
Netherlands 0.00 Aug/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 92.50 Aug/19
Spain 86.00 Aug/19
Switzerland -8.00 Sep/19
Turkey 58.30 Aug/19
United Kingdom -14.00 Aug/19
United States 92.00 Sep/19


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