Germany Consumer Confidence

Last Release

Jan 31, 2025

Actual

-21.3

Units In

Points

-23.1

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	1.41 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

The GfK Consumer Climate Indicator for Germany rose to -21.3 points heading into January 2025, up from a marginally revised -23.1 points in the previous period, which was the lowest level since May. This latest figure exceeded market forecasts of -22.5 points, driven by a recovery in income expectations (1.4 vs -3.5 in December) and a slight increase in willingness to buy (-5.4 vs -6.0). Simultaneously, economic prospects stabilized at a low level (0.3 vs -3.6), roughly mirroring last year’s figures amid a weak growth outlook for 2025. Meanwhile, the propensity to save dropped sharply (5.9 vs 11.9). "At -21.3 points, the consumer climate remains very low," said Rolf Bürkl, a consumer expert at NIM. He added that a sustained recovery in consumer sentiment is not yet in sight due to high economic uncertainty, rising food and energy prices, and lingering job security concerns.