The GfK Germany Consumer Climate Indicator fell from -21.4 in January to -22.6 in February, slightly lower than the predicted -22.4 in last month’s release.

• March is expected to see another decline in sentiment with a forecasted drop of -2.1 pts to -24.7 (below analyst’s projection of -21.4). This would be the lowest since April 2024.
• Income expectations fell to a 13-month low in February, down -4.3 pts to -5.4.
• Lower income expectations pushed the willingness to buy index down -2.7 pts to -11.1.
• Despite these weak readings, Consumers’ economic outlook improved 2.8 pts to 1.2.