FX.co ★ German Investor Sentiment Falls Slightly in November

Germany's ZEW Indicator of Economic Sentiment experienced a decline, slipping to 38.5 in November 2025 from October's three-month peak of 39.3, and falling short of market forecasts set at 40. This downturn reflects diminishing confidence in the government's capability to implement effective economic policies. "The investment program is expected to stimulate the economy, yet structural issues remain unresolved," remarked ZEW President Prof. Achim Wambach. The outlook appears particularly bleak for the chemical and metal sectors, with banking and insurance also showing reductions compared to the previous month. However, private consumption demonstrated a significant improvement, increasing by 13.3 points. Additionally, the electrical engineering, service, telecommunications, and IT sectors recorded modest growth. Meanwhile, the current economic conditions index saw a slight rise, climbing 1.3 points to -78.7 in November.