Track the GE GfK Consumer Climate to gauge German financial confidence, a key indicator of consumer spending and economic activity.
Consumer financial confidence serves as a key indicator of spending patterns, which represent a significant portion of total economic activity. A score above 0 reflects optimism, while a score below indicates pessimism.
What it Measures
It represents the level of a composite index derived from consumer surveys.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
NIQ (latest release) - https://nielseniq.com/global/en/ • This data is published monthly, usually towards the end of the month.
How Data is Derived
Survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation
Also Known As
Consumer Sentiment
Acronym
N/A