Market research group GfK released its consumer confidence index for Germany on Thursday. German Gfk consumer confidence index fell to 9.4 in April from 9.5 in March. Analysts had expected the index to remain unchanged at 9.5.

The economic expectations index declined by 2.9 points to 0.5 points in March, while the willingness to buy index fell by 2.7 points to 50.0.

The income expectations index dropped by 6.2 points to 50.5 in March.

"The weak demand for German products in certain important markets will probably not leave economic growth in Germany unaffected. A signal of this is the decline in economic expectations this month," Gfk noted.