Monthly Consumer Confidence Index (CCI) in Germany 2010-2023
The Consumer Confidence Index (CCI) of Germany was 99.12 in May 2023, compared with 97.78 a year earlier. Consumer confidence in Germany had been falling from Summer 2021 until November 2022, with fears that the German economy's reopening after the COVID-19 pandemic would not be as positive as was initially imagined due to inflationary pressures, while the Russian invasion of Ukraine in February 2022, causing energy prices in Germany to spike, further dampened business confidence. In spite of relatively slow growth in 2023, business confidence has somewhat returned to Germany, likely due to falling energy prices and decreases in inflation.
