Alemanha Sentimento Econômico ZEW

The ZEW Indicator of Economic Sentiment for Germany rose two points to 39.3 in October 2025, its highest level since July’s three-year peak of 52.7, but falling short of market expectations of 40.5. "Hopes for a medium-term recovery remain. Despite the uncertainty surrounding the implementation of the government investment program and ongoing global uncertainties, the ZEW Index increased slightly in October," commented ZEW President Prof. Achim Wambach. Following a recent slump in exports to China, expectations for export-oriented sectors improved sharply, particularly in metal production, pharmaceuticals, mechanical engineering, and electrical equipment manufacturing. The automotive sector, however, saw a slight deterioration in its outlook. Meanwhile, the current economic conditions index dropped 3.6 points to -80.0, marking its lowest level since May.