Deutschland ZEW-Konjunkturerwartungen

The ZEW Indicator of Economic Sentiment for Germany fell to 7.4 in November 2024 from 13.1 in October, and well below forecasts of 13, weighed down by Donald Trump’s victory and the collapse of the German government coalition. The assessment of the current economic situation also deteriorated, with the current conditions gauge declining to -91.4 from -86.9, compared to forecasts of -85.9. "In the current survey, economic sentiment has declined - and the outcome of the US presidential election is likely to be the main reason for this. The fact that economic expectations for the US are clearly rising, while economic sentiment for China and the eurozone is falling, supports this view. Still, more optimistic voices were heard in the last survey days, expecting economic prospects for Germany to improve with snap elections on the horizon. Overall, what we’re currently observing is a very dynamic development of economic expectations,” according to ZEW President Professor Achim Wambach.