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Germany Economic Sentiment November 2023

Germany: Economic sentiment decreases in November

Economic sentiment fell to 89.1 in November from October’s 89.6. Consequently, the index remained entrenched below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.

The headline print reflected deteriorating sentiment in the industrial sector and improved sentiment in the construction sector. Moreover, confidence in the services sector was unchanged in November, whereas sentiment in the retail sector improved in the surveyed month. Lastly, consumer confidence weakened in November.

Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in November.

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