Consumer confidence · Germany
Germany GfK Consumer Confidence
The Germany GfK Consumer Confidence measures how households in Germany feel about their finances, the economy and their plans for big purchases.
- Importance
- Medium
- Released
- Monthly
- Next release
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Bundesbank)
Latest figures
The latest release for NOV, published on 28 October 2026, came in at -30.8, above the consensus of -30.9, down from -30.6 the time before.
A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Over the last 12 releases it ranged from -33.3 to -23.2, averaging -27.6; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 28 Oct 2026 | NOV | -30.8 | -30.9 | -30.6 |
| 25 Sep 2026 | OCT | -30.6 | -27.4 | -26.8 ® |
| 27 Aug 2026 | SEP | -26.6 | -29.6 | -29.4 ® |
| 25 Jun 2026 | JUL | -29.2 | -27.6 | -29.7 ® |
| 22 May 2026 | JUN | -29.8 | -34 | -33.1 ® |
| 27 Apr 2026 | MAY | -33.3 | -29.5 | -28.1 ® |
| 26 Mar 2026 | APR | -28.0 | -26.5 | -24.8 ® |
| 25 Feb 2026 | MAR | -24.7 | -23.1 | -24.2 ® |
| 28 Jan 2026 | FEB | -24.1 | -25.8 | -26.9 |
| 19 Dec 2025 | JAN | -26.9 | -23.2 | -23.4 ® |
| 27 Nov 2025 | DEC | -23.2 | -23.2 | -24.1 |
| 28 Oct 2025 | NOV | -24.1 | -22 | -22.5 ® |
Why it matters
Household spending is the largest part of most economies. Confidence surveys come out early in the month and help forecast spending; they also capture inflation worries and political shocks quickly.
How it is calculated
A representative sample of households answers questions on current and expected conditions; answers are combined into a balance (positive minus negative) or an index relative to a base year.
What changes mean
- Confidence and actual spending often diverge in the short run; trends matter more than one month.
- Sharp drops after shocks (energy prices, elections) tend to recover if jobs hold up.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
A short history
George Katona started the University of Michigan's Surveys of Consumers in 1946; the European Commission and many national institutes run similar surveys today.
Questions
What is the Germany GfK Consumer Confidence?
The Germany GfK Consumer Confidence measures how households in Germany feel about their finances, the economy and their plans for big purchases.
What was the latest Germany GfK Consumer Confidence?
-30.8 for NOV, published on 28 October 2026 (consensus -30.9, previous -30.6).
When is the next Germany GfK Consumer Confidence?
On Thursday 26 November 2026 at 07:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.