The GfK Consumer Climate Indicator in Germany dropped to a six-month low of -7.3 heading into January 2021, from a revised -6.8 in the prior month but above market consensus of -8.8, as sentiment was hit by stricter restrictive measures to curb the rapid spread of coronavirus. The income expectations sub-index declined 1 point to 3.6, while the gauge for economic outlook rose 4.6 points to 4.4 and the willingness to buy indicator increased 6.1 points to 36.6. "There is reason to fear that the consumer climate is about to enter a very difficult phase in the coming weeks. Any relaxation or recovery can certainly only come when the infection rates have dropped so far that the strict restrictions can be loosened once more", GfK consumer expert Rolf Buerkl said. source: GfK Group
Consumer Confidence in Germany averaged 5.85 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 January of 2021.
Consumer Confidence in Germany is expected to be -6.70 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 5.10 in 12 months time. In the long-term, the Germany GfK Consumer Climate is projected to trend around 6.40 points in 2021 and 7.50 points in 2022, according to our econometric models.