Germany Consumer Confidence

Last Release

Mar 31, 2025

Actual

-24.7

Units In

Points

-22.6

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	1.23 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 stood at -24.5 heading into April 2025, little changed from a marginally revised -24.6 in the previous period, missing market expectations of -23.0. This was the first survey conducted after the parliamentary elections, showing improvements in economic prospects (6.9 vs. 1.2 in March), income expectations (-3.1 vs. -5.4), and willingness to buy (-8.2 vs. -11.1). However, the propensity to save rose further (13.8 vs. 9.4), reaching its highest level since April 2024. According to Rolf Bürkl, a consumer expert at NIM, the rapid formation of a new government and the early adoption of this year’s budget have somewhat eased consumer pessimism. Still, uncertainty remains. "Whether these consumer hopes for a revival of the German economy are justified remains to be seen. This will also depend on whether the recently adopted fiscal stimulus package is implemented swiftly and effectively," Bürkl noted.