Allemagne Confiance Des Consommateurs

The GfK Consumer Climate Indicator for Germany declined to -22.4 heading into February 2025 from a marginally revised -21.3 in the previous period, missing market expectations of -20. Economic prospects (-1.6 vs. 0.3 in January), income expectations (-1.1 vs. 1.4), and the willingness to buy (-8.4 vs. -5.4) all weakened, reflecting sluggish economic recovery, rising layoffs, and factory closures. Meanwhile, the propensity to save increased (8.2 vs. 5.9) as the nation prepared for next month's elections. "The consumer climate has suffered another setback," said Rolf Bürkl, a consumer expert at NIM, adding that a sustainable recovery remains out of reach, particularly with inflation on the rise again.