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German investor morale declines unexpectedly in November, ZEW finds
Published by Global Banking & Finance Review®
Posted on November 11, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 11, 2025
2 min readLast updated: January 21, 2026
German investor sentiment fell in November, with the ZEW index dropping to 38.5 points. Analysts had expected a rise, indicating challenges in economic policy.
By Maria Martinez
BERLIN (Reuters) -German investor morale unexpectedly fell in November, the ZEW economic research institute said on Tuesday, reporting a decrease in its economic sentiment index to 38.5 points from 39.3 points in October.
Analysts polled by Reuters had pointed to a reading of 41.
The assessment of the current economic situation fell to minus 78.7 points from minus 80.0 points in the previous month.
"The overall mood is characterised by a fall in confidence in the capacity of Germany's economic policy to tackle the pressing issues," said ZEW president Achim Wambach.
Germany's government has approved a surge in public spending targeting defence and infrastructure, hoping to close gaps in long-neglected areas of investment while hauling the economy out of a two-year downturn.
However, the long-awaited economic revival is being constantly postponed.
"Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist," Wambach said.
The score is based on a survey that is sent to about 350 analysts at German banks, insurers and industrial companies. Within a range of minus 100 to plus 100, it measures expectations on the country's future economic development.
(Reporting by Ludwig Burger, Editing by Friederike Heine and Miranda Murray)
The ZEW Economic Sentiment Index is a survey that measures the expectations of analysts regarding Germany's economic development, ranging from minus 100 to plus 100.
Structural problems are long-term issues within an economy that hinder growth, such as outdated infrastructure, labor market inefficiencies, and inadequate investment in key sectors.
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