Germany Consumer Confidence

Last Release

Dec 31, 2025

Actual

-23.2

Units In

Points

-24.1

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	0.53 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 -23.2 heading into December 2025 from -24.1 in the previous period, in line with market expectations. Buying willingness strengthened for the second consecutive month ahead of the holiday season (-6.0 vs -9.3 in November), returning to its level from a year earlier, while the willingness to save softened (13.7 vs 15.8). However, economic expectations slipped into slight pessimism (-1.1 vs 0.8), though they remained higher than a year ago, and income expectations turned negative (-0.1 vs 2.3), signaling persistent pressure on household finances. Consumer sentiment is now almost identical to last year’s level, which is an encouraging sign for retailers as it suggests stable Christmas sales, according to Rolf Buerkl, head of consumer climate at NIM. Still, he noted that while sentiment shows resilience, consumers do not anticipate a significant near-term recovery.