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Germany Consumer Confidence
Last Release
Oct 31, 2023
Actual
-26.5
Units In
Points
Previous
-25.6
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 | 2.79 Points | 2001-2023 | 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
The GfK Consumer Climate Indicator for Germany fell to -26.5 heading into October from a revised -25.6 in September, missing market forecast of -26.0. It was the lowest reading since April as the propensity to save climbed to hit its highest level since April 2011 (8.0 vs 0.5 in September) while the gauge for income expectations (-11.3 vs -11.5) and the propensity to buy (-16.4 vs -17.0) remained weak. Meantime, the economic sentiment sub-index gained slightly (-3.4 vs -6.2). The latest result suggested that a recovery in consumer sentiment this year is unlikely amid persistently high inflation. “The chances that consumer sentiment can sustainably recover before the end of this year are dwindling more and more," said Rolf Bürkl, GfK consumer expert. "Private consumption will therefore not make a positive contribution to overall economic development this year.”
Germany Consumer Confidence History
Last 12 readings