The forward-looking GfK consumer confidence indicator for December fell to 5.9 points. The figure was down from both the revised 6.1 points recorded in November (previously reported: 6.3 points) and market expectations, which had the index at 6.2 points. The December result represents the first drop in the index since May, mainly reflecting consumers' less optimistic view about their income prospects. While the overall consumer climate indicator refers to December, GfK released detailed data for November. The economic expectations sub-index improved over the previous month, representing the third consecutive monthly gain. According to the GfK Institute, consumers were less fearful that the economy would enter into recession, "although economic signals are not particularly encouraging at the present". While economic expectations remained on its upward trend, income expectations fell sharply over the previous month and, consequently, consumers' willingness to buy lost some of the ground gained in the previous month.
Germany Consumer Confidence
Consumer confidence surprisingly drops in December
November 26, 2012
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Germany Consumer Confidence Chart
Note: GfK Consumer Confidence Index.
Source: The GfK Group.
Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.