Germany Consumer Confidence

Last Release

May 31, 2025

Actual

-20.6

Units In

Points

-24.3

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
16.8 Mar 2001	-42.8 Oct 2022	1.07 Points	2001-2025	GfK Group

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.

Latest Updates

Germany’s GfK Consumer Climate Indicator rose to -20.6 heading into May 2025, up from a slightly revised -24.3 in the previous period and outperforming market expectations of -26.0. This marked the strongest reading since November 2024, as optimism around the successful conclusion of coalition talks and the anticipated formation of a functioning government helped offset concerns about newly announced tariff hikes introduced just before the survey began in early April. Income expectations surged to their highest level since October (4.3 vs -3.1 in April), while willingness to buy improved for a second consecutive month (-4.9 vs -8.2). Economic expectations also strengthened for the third month in a row (7.2 vs 6.9). Meanwhile, the sharp drop in the propensity to save (8.4 vs 13.8) suggested increasing consumer confidence.