GfK Germany Consumer Climate

Country:
Germany
EUR, Euro
Source:
Sector:
Consumer
Medium -18.9 -11
-23.1
Last release Importance Actual Forecast
Previous
-21.7
-18.9
Next release Actual Forecast
Previous
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The Consumer Climate Index (CCI) of the Nuremberg market research company GfK is intended to reflect the propensity of private households to consume and is generally published at 8 a.m. on the penultimate day of the month under review.

To this end, GfK 2000 surveys representative selected individuals aged 14 and over on their income and consumer expectations for the next 12 months, their propensity to buy and their expectations of the overall economic situation. The Consumer Climate Indicator thus attempts to forecast the change in monthly private consumer spending on the basis of the sub-components. However, the index is quite susceptible to revision. The correlation to actual private consumer spending has also been weak in recent years. More interesting are the sub components, of which the propensity to buy has the greatest explanatory power for private consumer spending.

The GfK consumer climate index is regarded as a much-noticed indicator of economic development in Germany. It also serves to supplement other officially collected statistics such as EU consumer confidence. It is therefore of particular importance when forecasting economic developments. The advantage of the GfK consumer climate index lies in the monthly collection of data. This means that the resulting values are usually available more quickly than statistics published on a quarterly basis.

The consumer climate index measures the willingness of consumers to spend their money. Index growth therefore permits favourable economic expectations. The optimistic mood can be an early indicator for the growth of consumer activity and thus for the growth of inflation. A rising consumer climate is generally seen as positive for the euro.

Last values:

actual data

forecast

The chart of the entire available history of the "GfK Germany Consumer Climate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2020
-18.9
-11
-23.1
May 2020
-23.4
6.2
2.3
Apr 2020
2.7
9.9
8.3
Mar 2020
9.8
9.8
9.9
Feb 2020
9.9
9.7
9.7
Jan 2020
9.6
9.7
9.7
Dec 2019
9.7
9.8
9.6
Nov 2019
9.6
9.9
9.8
Oct 2019
9.9
9.8
9.7
Sep 2019
9.7
9.8
9.7
Aug 2019
9.7
10
9.8
Jul 2019
9.8
10.1
10.1
Jun 2019
10.1
10.3
10.2
May 2019
10.4
10.3
10.4
Apr 2019
10.4
11
10.7
Mar 2019
10.8
11
10.8
Feb 2019
10.8
10.4
10.5
Jan 2019
10.4
10.4
10.4
Dec 2018
10.4
10.7
10.6
Nov 2018
10.6
10.6
Oct 2018
10.6
10.5
Sep 2018
10.5
10.6
Aug 2018
10.6
10.7
Jul 2018
10.7
10.7
Jun 2018
10.7
10.8
May 2018
10.8
10.9
Apr 2018
10.9
10.8
Mar 2018
10.8
11
Feb 2018
11
10.8
Jan 2018
10.8
10.7
Dec 2017
10.7
10.7
Nov 2017
10.7
10.8
Oct 2017
10.8
10.9
Sep 2017
10.9
10.8
Aug 2017
10.8
10.6
Jul 2017
10.6
10.4
Jun 2017
10.4
10.2
May 2017
10.2
9.8
Apr 2017
9.8
10
Mar 2017
10
10.2
Feb 2017
10.2
9.9
Jan 2017
9.9
9.8
Dec 2016
9.8
9.7
Nov 2016
9.7
10
Oct 2016
10
10.2
Sep 2016
10.2
10
Aug 2016
10
10.1
Jul 2016
10.1
9.8
Jun 2016
9.8
9.7
May 2016
9.7
9.4

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