Allemagne Confiance Des Consommateurs

The GfK Consumer Climate Indicator for Germany rose to -21.3 points heading into January 2025, up from a marginally revised -23.1 points in the previous period, which was the lowest level since May. This latest figure exceeded market forecasts of -22.5 points, driven by a recovery in income expectations (1.4 vs -3.5 in December) and a slight increase in willingness to buy (-5.4 vs -6.0). Simultaneously, economic prospects stabilized at a low level (0.3 vs -3.6), roughly mirroring last year’s figures amid a weak growth outlook for 2025. Meanwhile, the propensity to save dropped sharply (5.9 vs 11.9). "At -21.3 points, the consumer climate remains very low," said Rolf Bürkl, a consumer expert at NIM. He added that a sustained recovery in consumer sentiment is not yet in sight due to high economic uncertainty, rising food and energy prices, and lingering job security concerns.