Germany Consumer Confidence October 2021

Germany

Germany: Consumer sentiment expected to return to optimism in October

September 28, 2021

The GfK consumer climate index is forecast to rise to 0.3 in October from minus 1.1 in September. This would mark the first positive reading since April last year.

Backward-looking data for September, which is released at the same time and underpins October’s expectations, showed a broad-based improvement. Consumers’ economic and income expectations rose as well as their propensity to buy. Economic and income expectations have been buoyed by the recovery and the stable labor market in the country.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.4% in 2021. For 2022, panelists see private consumption growing 6.6%.


Author:, Economist

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Germany Consumer Confidence October 2021

Note: GfK Consumer Climate Index.
Source: The GfK Group


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