GfK Consumer Confidence Index September 2024

• The GfK Consumer Confidence Index fell sharply by seven points to -20 in September, the lowest level since December 2023.
• All five measures declined in September, indicating a dramatic drop in consumer confidence across key indicators.

General economic situation

• Consumer perceptions of the general economic situation over the last 12 months dropped by two points to -37, though this is still 16 points better than in September 2023.
• Expectations for the general economic situation over the next 12 months decreased by 12 points to -27, which is two points higher than the same period last year.

Personal finances

• The personal finances index over the past year fell by two points to -9, but this remains nine points higher than in September 2023.
• Projections for personal finances over the next 12 months dropped by nine points to -3, though this is still three points higher than September 2023.

Major purchases

• The Major Purchase Index dropped by ten points to -23, five points higher than the same period last year.

Savings Index (not included in the overall measure)

• The Savings Index decreased by ten points to +23, unchanged from this time last year.

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