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Germany Consumer Confidence

Last Release
Jun 30, 2024
Actual
-20.9
Units In
Points
Previous
-24
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
1.96 Points2001-2024GfK 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

The GfK Consumer Climate Indicator for Germany rose to -20.9 heading into June 2024 from a marginally revised -24.0 in the previous period, beating market forecasts of -22.5. It was the highest reading since April 2022, improving for the fourth straight month, with income expectations notching their peak in 2-1/2 years (12.5 vs 10.7 in May). Also, economic prospects picked up strongly, increasing for the fourth time in a row (9.8 vs 0.7). At the same time, the tendency to save fell sharply (5 vs 14.9). Meanwhile, the propensity to buy was little changed (-12.3 vs -12.6). "Falling inflation rates combined with significant wage and salary increases are strengthening consumer purchasing power," said Rolf Bürkl, consumer expert at NIM. He added, however, German consumers were still very uncertain regarding the country's economic prospects. "Only when people regain this security, they will be willing to invest their increasing buying power in larger purchases again."

Germany Consumer Confidence History

Last 12 readings

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