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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Consumer Confidence climbed to -29.2% in July 2025
FMPMonthlyReleased June 2026
Germany Consumer Confidence climbed to -29.2% in July 2025, released June 2026, up 0.5% from June's -29.7% reading. The reading missed the -27.6% consensus by 1.6%. Consumer Confidence has now risen for 3 consecutive months. Over the past 3 months, Consumer Confidence averaged -31.55%, vs -25.6% in the prior 3-month window. The reading is in the 15th percentile of the trailing 24-month range.
Latest Release
-29.2
Actual
-27.6
Consensus
-29.7
Previous
Median Absolute Error
±1.96 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: -25.5
Actual: -29.2
Error: +3.7
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.51 | FOREX | Moves against | → View |
| EUR/GBP | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▲ Direct | +0.31 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.31 | COMMODITIES | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.29 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Germany) was reported at -29.2% in June 2026. This missed the market consensus of -27.6% by 1.6%. The reading rose from the previous value of -29.7%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -25.22%, ranging from -29.8% to -21.5% across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -29%, down from the prior three at -25.23%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.96%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Producer Price Index YoY (Jul 20) and ZEW Economic Sentiment Index (Jul 21).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Consumer Confidence - DE
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About Consumer Confidence — Germany
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2025): actual -29.2 %, consensus -27.6 %. Prior reading (Jun 2025): -29.8 %. Before that (May 2025): -33.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.51) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - DE Events
| Monday, July 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Producer Price Index YoY | 2.2 | 3.6 | 4.40 | Medium | |
| 06:00 | DE | Producer Price Index MoM | 0.3 | 0.4 | 0.95 | Low | |