Brandenburg Gate in Berlin, Germany

Germany Consumer Confidence September 2018

Germany: Slight drop in consumer confidence expected in September

The forward-looking consumer confidence indicator for September released by the GfK Group decreased slightly to 10.5 points, down from August’s 10.6 points. Backward-looking indicators for August—which are released in conjunction with the forward-looking sentiment index—painted a mixed picture.

In August, economic expectations jumped from the previous month. This comes amid a robust economy, with recent data showing that growth picked up in the second quarter of the year. Consumers were more optimistic about the economy despite lingering uncertainties regarding the trade spat between the United States and the European Union.

Income expectations and consumers’ propensity to buy, however, decreased in August. The decrease in income expectations was possibly linked to rising inflation on the back of higher energy prices. Consumers’ willingness to buy also inched down but remained elevated nonetheless, chiefly due to a tightening labor market.

Germany Private Consumption Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest