Germany Business Confidence Growth
1992 - 2025 | Monthly | % Point | CEIC Data
Key information about Germany Business Confidence Growth
- Germany Business Confidence grew 8.0 % in Nov 2025, compared with an increase of 8.9 % YoY in the previous month.
- Germany Business Confidence: YoY Change is updated monthly, available from Jan 1992 to Nov 2025, with an averaged rate of -61.8 %.
- The data reached an all-high of 66.6 % in Apr 2021 and a record low of -64.0 % in Mar 2009.
CEIC calculates Business Confidence Change from monthly Business Climate Balance. The Institute for Economic Research at the University of Munich provides Business Climate Balance with range from -100 to 100 with neutral point 0. Business Confidence covers Manufacturing sector only.
View Germany's Business Confidence Growth from Jan 1992 to Nov 2025 in the chart:
What was Germany's Business Confidence Growth in Nov 2025?
Germany Business Confidence grew 8.0 % in Nov 2025, compared with an increase of 8.9 % YoY in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 8.0 Nov 2025 | 8.9 Oct 2025 | -64.0 Mar 2009 | 66.6 Apr 2021 | % Point | monthly | Jan 1992 - Nov 2025 |
Business Confidence Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% Point) | 1.2 Sep 2025 | quarterly | Jun 2017 - Sep 2025 |
| Armenia (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
| Australia (% Point) | 1.0 Oct 2025 | monthly | Jul 2013 - Oct 2025 |
| Austria (% Point) | 8.0 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Belarus (% Point) | -9.6 Aug 2014 | monthly | Dec 2006 - Aug 2014 |
| Belgium (% Point) | 6.8 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Brazil (% Point) | -9.2 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Bulgaria (% Point) | -3.5 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Canada (% Point) | -7.8 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Chile (% Point) | -3.6 Oct 2025 | monthly | Nov 2004 - Oct 2025 |
| China (% Point) | -2.2 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Colombia (% Point) | 5.3 Oct 2025 | monthly | Jan 1981 - Oct 2025 |
| Croatia (% Point) | 5.6 Nov 2025 | monthly | May 2009 - Nov 2025 |
| Cyprus (% Point) | -18.5 Nov 2025 | monthly | May 2003 - Nov 2025 |
| Czech Republic (% Point) | 2.0 Nov 2025 | monthly | Mar 1994 - Nov 2025 |
| Denmark (% Point) | -20.3 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Ecuador (% Point) | 9.4 Oct 2025 | monthly | Feb 2011 - Oct 2025 |
| Estonia (% Point) | 1.4 Nov 2025 | monthly | May 2002 - Nov 2025 |
| European Union (% Point) | 0.9 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Finland (% Point) | 1.1 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| France (% Point) | 1.3 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Georgia (% Point) | 30.9 Dec 2025 | quarterly | Dec 2014 - Dec 2025 |
| Germany (% Point) | 8.0 Nov 2025 | monthly | Jan 1992 - Nov 2025 |
| Ghana (%) | 14.8 Oct 2025 | monthly | Dec 2013 - Oct 2025 |
| Greece (% Point) | -3.1 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Hong Kong SAR, China (% Point) | 1.0 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Hungary (% Point) | 1.8 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Iceland (% Point) | -30.5 Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| India (% Point) | 6.0 Dec 2025 | quarterly | Jun 2001 - Dec 2025 |
| Indonesia (% Point) | -0.4 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Israel (% Point) | 5.1 Nov 2025 | monthly | Jan 2016 - Nov 2025 |
| Italy (% Point) | 3.6 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Japan (% Point) | -1.0 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Kazakhstan (% Point) | 1.0 Dec 2024 | quarterly | Mar 2009 - Dec 2024 |
| South Korea (% Point) | 5.0 Dec 2025 | monthly | Feb 2004 - Dec 2025 |
| Latvia (% Point) | 2.1 Nov 2025 | monthly | Apr 1994 - Nov 2025 |
| Lithuania (% Point) | -2.3 Nov 2025 | monthly | Apr 2004 - Nov 2025 |
| Luxembourg (% Point) | -9.8 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| North Macedonia (% Point) | -2.9 Dec 2022 | monthly | Apr 2002 - Dec 2022 |
| Malaysia (% Point) | 25.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Malta (% Point) | -10.1 Nov 2025 | monthly | Nov 2003 - Nov 2025 |
| Mauritius (% Point) | -9.1 Jun 2019 | quarterly | Mar 2011 - Jun 2019 |
| Mexico (% Point) | -7.0 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Mozambique (% Point) | 8.9 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| Netherlands (% Point) | 2.4 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| New Zealand (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Nigeria (% Point) | 8.6 Nov 2025 | monthly | Jul 2015 - Nov 2025 |
| Norway (% Point) | 6.1 Nov 2025 | monthly | Feb 2005 - Nov 2025 |
| Palestinian Territory (% Point) | 3.9 Oct 2025 | monthly | Apr 2014 - Oct 2025 |
| Peru (% Point) | 15.2 Nov 2025 | monthly | Apr 2003 - Nov 2025 |
| Philippines (% Point) | -16.0 Sep 2025 | quarterly | Jun 2002 - Sep 2025 |
| Poland (% Point) | 3.8 Nov 2025 | monthly | Jul 2006 - Nov 2025 |
| Portugal (% Point) | 4.5 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Qatar (% Point) | -3.6 Mar 2020 | quarterly | Jun 2015 - Mar 2020 |
| Romania (% Point) | -1.7 Nov 2025 | monthly | Jul 1992 - Nov 2025 |
| Russia (% Point) | -5.0 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Serbia (% Point) | -0.2 Nov 2025 | monthly | May 2014 - Nov 2025 |
| Singapore (% Point) | -1.6 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Slovakia (% Point) | -7.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Slovenia (% Point) | 3.2 Nov 2025 | monthly | May 1996 - Nov 2025 |
| South Africa (% Point) | -11.6 Nov 2025 | monthly | Sep 2000 - Nov 2025 |
| Spain (% Point) | 2.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Sri Lanka (% Point) | 5.8 Oct 2025 | monthly | May 2016 - Oct 2025 |
| Sweden (% Point) | 4.2 Oct 2025 | monthly | Nov 1995 - Oct 2025 |
| Switzerland (% Point) | -2.0 Oct 2025 | monthly | Jan 1996 - Oct 2025 |
| Taiwan (% Point) | -3.2 Mar 2018 | monthly | May 2013 - Mar 2018 |
| Thailand (% Point) | 1.4 Nov 2025 | monthly | Feb 2000 - Nov 2025 |
| Turkey (% Point) | -0.2 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Ukraine (% Point) | 3.6 Sep 2025 | quarterly | Sep 2013 - Sep 2025 |
| United Kingdom (% Point) | 8.4 Dec 2020 | monthly | Jan 1986 - Dec 2020 |
| United States (% Point) | 3.6 Oct 2025 | monthly | Jan 1949 - Oct 2025 |
| Uruguay (% Point) | -6.8 Oct 2025 | monthly | Oct 1999 - Oct 2025 |
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Learn more about what we doGermany Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.3 Sep 2025 | quarterly | Dec 1991 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -46,923.274 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Tax Revenue (USD mn) | 289,924.014 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 22.2 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| National Government Debt (USD mn) | 3,217,205.9 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Government Debt: % of GDP (%) | 62.3 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Forecast: Government Expenditure (EUR bn) | 2,707.148 2030 | yearly | 1991 - 2030 |
| Forecast: Government Net Debt (EUR bn) | 3,815.153 2030 | yearly | 1991 - 2030 |
| Forecast: Government Revenue (EUR bn) | 2,497.167 2030 | yearly | 1991 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.670 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | 17,819.8 Sep 2025 | monthly | Jan 1957 - Sep 2025 |
| Total Exports (USD mn) | 153,945.2 Sep 2025 | monthly | Jan 1957 - Sep 2025 |
| Total Exports Growth (%) | 2.0 Sep 2025 | monthly | Jan 1951 - Sep 2025 |
| Aluminum: Exports (USD th) | 11,279,159.417 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 70,970,902.063 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 54,214,028.985 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 136,125.4 Sep 2025 | monthly | Jan 1957 - Sep 2025 |
| Total Imports Growth (%) | 4.9 Sep 2025 | monthly | Jan 1951 - Sep 2025 |
| Imports: Medicament (USD th) | 36,738,204.645 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 41,845,878.903 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 15,397.511 Sep 2025 | monthly | Sep 1977 - Sep 2025 |
| Total Imports from USA (USD mn) | 10,165.974 Sep 2025 | monthly | Jul 1990 - Sep 2025 |
| Total Exports to China (USD mn) | 7,946.738 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Total Imports from China (USD mn) | 17,865.279 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Imports cif (EUR mn) | 112,323.771 Jan 2025 | monthly | Jan 1950 - Jan 2025 |
| Exports fob (EUR mn) | 125,080.953 Jan 2025 | monthly | Jan 1950 - Jan 2025 |
| Exports fob: YoY (%) | 0.400 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Imports cif: YoY (%) | 2.500 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Exports fob: swda (EUR bn) | 129.170 Jan 2025 | monthly | Jan 1950 - Jan 2025 |
| Imports cif: swda (EUR bn) | 113.140 Jan 2025 | monthly | Jan 1950 - Jan 2025 |
| Trade Balance: swda (EUR bn) | 16.030 Jan 2025 | monthly | Jan 1950 - Jan 2025 |
| Exports: SITC: Machinery and Mechanical Appliances (EUR th) | 19,193,096.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Imports: SITC: Machinery and Mechanical Appliances (EUR th) | 12,277,980.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Imports: SITC: Pharmaceutical Products (EUR th) | 5,258,596.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Imports: SITC: Electrical Machinery, TV Image and Sound Reproducing (EUR th) | 14,276,678.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Exports: SITC: Plastics & Articles Thereof (EUR th) | 4,440,956.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Exports: SITC: Electrical Machinery, TV Image and Sound Reproducing (EUR th) | 12,545,323.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Imports: SITC: Vehicles, Motorcycles & Bicycles (EUR th) | 9,570,236.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Exports: SITC: Pharmaceutical Products (EUR th) | 8,446,608.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Exports: SITC: Vehicles, Motorcycles & Bicycles (EUR th) | 16,430,085.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Imports: SITC: Mineral Fuels & Oils, Bituminous Substances (EUR th) | 9,942,246.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Exports: SITC: Iron & Steel (EUR th) | 1,720,795.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Imports: SITC: Iron & Steel (EUR th) | 1,543,056.000 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Exports: China (EUR th) | 6,058,582.000 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Motor Vehicle Exports: Car (Unit) | 292,200.000 Nov 2025 | monthly | Jul 2000 - Nov 2025 |
| Exports Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells asse... (EUR th) | 24,437.000 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Imports Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes (... (EUR th) | 54,496.000 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 3,388.1 Sep 2025 | monthly | Jan 1971 - Sep 2025 |
| Current Account Balance (USD mn) | 17,362.0 Sep 2025 | monthly | Jan 1991 - Sep 2025 |
| Current Account Balance: % of GDP (%) | 4.4 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 10,094.8 Sep 2025 | monthly | Jan 1971 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.5 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | 79,615.696 Sep 2025 | quarterly | Mar 1971 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 6.1 Sep 2025 | quarterly | Mar 1971 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -4,838.6 Sep 2025 | quarterly | Mar 1971 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 84,454.253 Sep 2025 | quarterly | Mar 1971 - Sep 2025 |
| External Debt (USD mn) | 7,881,499.2 Jun 2025 | quarterly | Jun 1999 - Jun 2025 |
| External Debt: % of GDP (%) | 147.6 2024 | yearly | 1999 - 2024 |
| External Debt: Short Term (USD mn) | 2,850,772.9 Jun 2025 | quarterly | Mar 2004 - Jun 2025 |
| External Debt: Short Term: % of GDP (%) | 52.5 2024 | yearly | 2004 - 2024 |
| Total Debt: % of GDP (%) | 595.9 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Forecast: Current Account Balance (USD bn) | 244.728 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | 3,903,737.077 Jun 2025 | quarterly | Dec 1957 - Jun 2025 |
| Insolvency (IN): No of Proceedings (NP) (Unit) | 9,071.000 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| DE: BOP: Net Errors and Omissions (USD mn) | 34,735.566 2024 | yearly | 1971 - 2024 |
| DE: BOP: Current Account: Personal Remittances: Paid (USD mn) | 23,662.388 2024 | yearly | 1971 - 2024 |
| DE: BOP: Current Account: Personal Remittances: Received (USD mn) | 21,225.006 2024 | yearly | 1971 - 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.5 2023 | yearly | 2005 - 2023 |
| Household Debt: % of GDP (%) | 49.0 Jun 2025 | quarterly | Dec 1991 - Jun 2025 |
| Money Supply M1 (USD mn) | 3,299,802.727 Oct 2025 | monthly | Jan 1957 - Oct 2025 |
| Money Supply M2 (USD mn) | 4,604,051.140 Oct 2025 | monthly | Jan 1969 - Oct 2025 |
| M2 Growth (%) | 3.3 Oct 2025 | monthly | Jan 1970 - Oct 2025 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 36,376.1 Oct 2025 | monthly | Jan 1957 - Oct 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 0.704 Sep 2025 | quarterly | Dec 1991 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.3 Sep 2025 | monthly | Jan 1957 - Sep 2025 |
| Gold Reserves (USD mn) | 433,546.899 Oct 2025 | monthly | Dec 1998 - Oct 2025 |
| Total Deposits (USD mn) | 7,048,966.986 Oct 2025 | monthly | Sep 1997 - Oct 2025 |
| Total Deposits Growth (%) | 2.2 Oct 2025 | monthly | Sep 1998 - Oct 2025 |
| Domestic Credit (USD mn) | 0.0 May 2025 | monthly | Jan 1999 - May 2025 |
| Domestic Credit Growth (%) | -100.0 May 2025 | monthly | Jan 2000 - May 2025 |
| Debt Service Ratio: Households (%) | 5.400 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 12.400 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 2,536.840 Jun 2025 | quarterly | Dec 1970 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 7,157.690 Jun 2025 | quarterly | Mar 1955 - Jun 2025 |
| Household Debt (USD mn) | 2,531,962.4 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Total Loans (USD mn) | 8,564,458.401 Oct 2025 | monthly | Jan 1957 - Oct 2025 |
| Total Loans Growth (%) | 0.68 Oct 2025 | monthly | Dec 1949 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 73.24 Sep 2025 | quarterly | Dec 1991 - Sep 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 8.0 Nov 2025 | monthly | Jan 1992 - Nov 2025 |
| Current Economic Situation Indicator: Germany: Balance (%) | -88.500 Feb 2025 | monthly | Dec 1991 - Feb 2025 |
| Economic Expectation Indicator: Germany (%) | 26.000 Feb 2025 | monthly | Dec 1991 - Feb 2025 |
| Leading Economic Index (2016=100) | 87.300 Dec 2024 | monthly | Jan 1965 - Dec 2024 |
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