The GfK Consumer Climate Indicator in Germany fell to -1.6 heading into December of 2021 from an upwardly revised 1 in November and compared to market forecasts of -0.5 points. It was the lowest reading since June, as consumers grew increasingly worried about inflation and the COVID-19 situation, which negatively affected the propensity to buy as well as both economic and income expectations. "On the one hand, there is the fourth wave of the pandemic with exploding incidences, the threat of overburdening the health system and fear of further restrictions. On the other hand, a high inflation rate is melting the purchasing power of consumers” said GfK expert Rolf Buerkl. source: GfK Group
Consumer Confidence in Germany averaged 5.39 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 December of 2021.
Consumer Confidence in Germany is expected to be 2.00 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 7.50 points in 2022 and 5.10 points in 2023, according to our econometric models.