Germany Consumer Confidence

Last Release

Aug 31, 2025

Actual

-21.5

Units In

Points

-20.3

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	0.85 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 slipped to -21.5 heading into August 2025 from -20.3 in the prior month, missing market consensus of -19.2 and marking the lowest print since April. The decline reflected growing consumer pessimism amid economic uncertainty, including concerns over U.S. tariffs on European goods. The propensity to save climbed to its highest since February 2024 (16.4 vs 13.9 in July), and willingness to buy fell for the second month in a row (-9.2 vs -6.2). Economic expectations also dropped sharply (10.1 vs 20.1), ending a five-month streak of increase. “The recovery in consumer sentiment continues to be postponed, because the willingness to save has risen again,” said NIM consumer expert Rolf Buerkl, adding that general uncertainty, the need to prepare for difficult times, and high food prices were key factors. Still, income expectations improved for the fifth month, reaching a one-year high (15.2 vs 12.8), lifted by solid wage agreements and easing inflation.