Nowcasting Macro

Live Nowcast2026 Q2 (no official figure yet)

Germany Consumer Confidence (Harmonised) Forecast

Produced by a tournament of forecasting models judged on real out-of-sample accuracy — the figure below is the deployed model’s current read, refreshed automatically as official data and news arrive.

Latest official
99.19
2026 Q1
Nowcast
98.39
2026 Q2
Typical accuracy
±0.04
vs published actuals
98.392023 Q22026 Q12026 Q2

Recent official figures (solid) and the current nowcast (dot) with its typical-error range. Every past forecast is kept on the books — see how the number is made.

What is the Germany Consumer Confidence (Harmonised) nowcast for 2026 Q2?

Nowcasting Macro's latest nowcast puts Germany Consumer Confidence (Harmonised) at 98.39 for 2026 Q2, against the most recent official figure of 99.19 for 2026 Q1.

That points to a decline of about 0.80 index points from the last print.

OECD harmonised consumer-confidence indicator: households' assessment of their financial situation, the general economy and big-ticket purchases.

Across our walk-forward backtest, the model deployed for this series has typically landed within ±0.04 of the published actual.

Over the past 4 quarters the series has eased from 99.53 (2025 Q1) to 99.19 (2026 Q1).

Above 100 = optimism relative to the long-run norm; below 100 = pessimism. Surveys publish within days of the reference month.

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Germany Consumer Confidence (Harmonised) Forecast — 2026 Q2 Nowcast: 98.39 · Nowcasting Macro