Germany Consumer Confidence

Last Release

Oct 31, 2025

Actual

-22.3

Units In

Points

-23.5

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	0.69 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 edged up to -22.3 heading into October 2025 from a marginally revised -23.5 in the previous period, surpassing market expectations of -23.3. The income outlook improved sharply (15.1 vs 4.1 in September), extending gains for the second month on stronger bets of higher earnings. However, economic expectations fell again (-1.4 vs 2.7), marking the third straight drop amid concerns over stagnant growth. Willingness to buy also weakened for the fourth month (-11.6 vs -10.1), while the propensity to save was a bit higher (16.1 vs 15.8), reflecting signs of a softer labor market. “The consumer climate is now ending its downward trend—at least for the moment,” said Rolf Buerkl, Head of Consumer Climate at NIM. He cautioned that it remains highly uncertain whether this signals the start of a lasting turnaround, noting that geopolitical risks, job concerns, and rising inflation fears are likely to stand in the way of a recovery for the time being.