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Germany DIHK business survey: situation, expectations, investment and risks

The DIHK surveys tens of thousands of member firms three times a year through the chambers of industry and commerce.

Source: German Chamber of Commerce and Industry (DIHK)Last updated: Sep 14, 2026, 12:00Curated by Bui Thanh PhucAbout this data ↓

Indicator05-202601-202609-202505-202501-202509-202405-202401-202409-202305-202301-202309-202205-202201-202209-202105-202101-202109-202005-202001-202009-201905-201901-201909-201805-201801-201809-201705-201701-201709-201605-201601-201609-201505-201501-201509-201405-2014
Business situation and expectations5
Current business situation1
All industries4-3100115791919131918292-3-1-26303036434545484540383634383532323133
Manufacturing (excluding construction)10-7-10-15-11-14-16-5-10192114293535256-10-23161634434752544844363231343032302835
Intermediate goods producers-13-18-25-21-26-30-16-14-13121511354039359-13-2171032424853544945343030302632272737
Capital goods producers-3-6-11-6-11-1121313353323324037232-18-28181937535660615448403433373333353137
Consumer and durable goods producers-9-4-10-6-4-8-5-1-358061215-4-3-5-34251529293032393229313028352928272331
Chemical industry-5-19-19-10-2-131-12-16-31-72637373722-1-4131328344252554758382934363041363351
Pharmaceutical industry25421836324121353334292126302631332638524353455057605150513539404349382941
Basic metals-13-30-31-37-44-44-28-26-1623201337424425-17-48-55-36-14213948564944289103-272292221
Metal products-17-20-24-22-30-31-14-6-7202015323837310-23-255734465558585447353331333232313139
Electrical engineering43-6-3-7-13-186363828384643317-15-27181837505356605550393236383437353137
Mechanical engineering-5-12-14-10-14-12-2101439362639464322-1-25-30151638555860625749393230333130323039
Automotive industry0-9-32-15-30-31413718181231110348-23-65-4-117414968605150464347513845404243
Construction3791495151381626282639475141394430596362667062626456525441414335343937
Building construction100-3-7-2-3-7014211938505446414838616161657163586257525346424237343937
Civil engineering13152114243028192930222232424230334437575958626858636851445121374022292829
Finishing trades19172521142729243339383743475139394020576663686963656559565642464839374442
Trade2-21-14-17-15-12-15-7-6-77120141725-3-55-28232227313030353128282627282423181827
Retail trade-21-13-14-15-10-12-6-8-945-65823-17-1310-28262323232223272619232023232322171922
Wholesale trade-21-17-21-18-18-22-12-7-9101972529321485-22212232403836423736333031332623222035
Services (excluding trade)6310108111213141821191514725-11-12-3-33363537454644474539403937424034373534
Transport and warehousing-15-9-6-7-6-6-7-10-24780917-8-13-17-41181720323834403725262623282819211916
Hospitality-17-11-2-18-84-3-42210318-23-6718-88-86-20-91384234424632404532424635444526343422
Financial and insurance services2364132413935343931342815354037242419-10352935393738393435332633443941454043
Banking435342474741404538382616343932232115-5271726312833322827281931444042444045
Insurance554650474432263934393111375245373736-8524540474647554349383536442827494139
Real estate1017192019151412121616103242452928314545560596060615954545454575452535050
Health and social services1319161614199-832-5-1181115-1-111-11333834464048464448545552514249403949
Information economy77512141323252033301731333820146-19433844514752544746464344464138413638
Business expectations1
All industries4-20-9-12-10-17-18-10-21-22-5-14-44-145101-9-7-44-2-757111718141611912119137618
Manufacturing (excluding construction)10-16-4-9-8-17-19-11-21-26-6-12-46-2312171685-43-5-1516122024182117131516121711722
Intermediate goods producers-17-4-10-8-21-24-14-26-32-10-18-52-29101115115-45-7-20-13101926172118121517121811525
Capital goods producers-10-2-6-6-17-17-9-16-192-1-34-17212624147-46-10-1909172529232419161616142014923
Consumer and durable goods producers-20-7-10-13-10-13-8-18-22-5-17-47-197187-52-387-18914181917171413171713149817
Chemical industry-18-4-10-3-10-94-10-16-1-14-53-29714211919-3913-81013171831222325152425232620829
Pharmaceutical industry59-51123211616150-33332288123-211817202202826262217122326111810822
Basic metals-100-4-9-23-22-15-25-36-15-11-53-381818232616-46-25-35-25-11-382514115410-4123114
Metal products-18-7-10-9-26-32-20-28-33-6-16-53-29101216124-43-14-27-5-11016261819137131482010322
Electrical engineering-1511-6-82-6-1042-27-141924252015-420-139122129332830272326252224221729
Mechanical engineering-9-3-6-6-18-18-11-19-242-1-34-18253030175-51-13-25-47172631222819161316152113826
Automotive industry-172-16-4-24-34-16-33-2437-40-212116141624-35-17-24-1510121915197181014141216131619
Construction3-20-14-17-13-25-31-23-38-43-27-32-56-37-3-7-14-21-20-38-3-411891915818115166113-1-213
Building construction-19-12-21-13-26-34-29-45-50-36-41-62-48-2-6-14-19-18-39-1-4855191371613714104120-314
Civil engineering-20-16-21-10-26-26-14-27-37-20-39-58-43-8-19-24-32-34-41-14-619710201510243015-2-29-8113
Finishing trades-19-17-16-11-23-28-18-33-34-17-21-49-22-2-5-9-20-17-37-1-3131012201610201261962160014
Trade2-31-19-19-20-26-28-21-33-31-18-30-55-29-71-10-25-12-46-5-732710121213871299114318
Retail trade-36-24-24-23-26-26-21-31-27-18-30-56-28-111-21-33-12-44-3-32-256497259576-1410
Wholesale trade-26-14-13-18-26-28-22-33-33-16-27-53-28-140-15-10-47-4-115711152117191211141310158425
Services (excluding trade)6-18-8-10-8-13-14-6-16-160-9-39-3512-2-12-10-450-378111716121410811109127716
Transport and warehousing-35-23-20-18-28-26-17-35-34-16-27-49-26-37-2-19-11-49-17-20-4-311312772-26138-5-39
Hospitality-23-15-28-13-29-32-10-37-325-13-5822-52-13-25-29-510-41226199720771867164918
Financial and insurance services2-1543042-3-19-3-38-1377-6-19-16-58-11-19-4-311-1-2-9-13-21-19-13-10-10-10-58
Banking311133-141-7-1164-36-193-5-13-26-26-64-29-41-16-16-11-12-15-16-26-31-40-37-28-24-22-22-160
Insurance771620201991778-7-32422271664-5814199231424281721128147128171627
Real estate-17-7-6-11-9-5-4-14-19-17-23-44-17531-6-2-342013121317171715141717191313111115
Health and social services-170-1-1-13-4-6-12-15-17-19-36-4114212-187149121415191518161822252121122425
Information economy-9-412-1-100-1113-24019271636-40161318222325292725252725232224242124
Export expectations1
Manufacturing (excluding construction)10-100-10-10-8-12-5-7-151-1-24-92021179-4-560-122131724312524231617201621171525
Intermediate goods producers-14-5-14-13-13-17-9-12-23-5-8-35-1415161510-5-56-3-17-591321312422211315191420161224
Capital goods producers-35-6-7-5-9-3-1-71011-10-331312410-1-61-3-135182230342828261818211723191527
Consumer and durable goods producers-100-8-92-50-5-92-4-21-9171881-10-5013515171921292521241923242120182227
Chemical industry-160-16-10-5-48-1-112-2-29-16182220181-491209171930433634342427322629331933
Pharmaceutical industry1617-2315126133162019-54281919298-23352739232843393245422643333433342928
Basic metals-19-4-16-19-29-28-19-21-27-19-21-44-2710141914-15-76-21-35-26-75826101651-18019-169
Metal products-20-11-18-19-19-28-15-16-27-6-8-41-191515129-5-60-12-23-124102030231618111316101817623
Electrical engineering5111-34-357-61315-6229472455-529-613192632383632302425302527242531
Mechanical engineering-54-8-8-8-11-6-5-14710-12-236332810-6-62-8-202182132362927251715201622181229
Automotive industry0-3-16-9-12-18-11-11-11813-7-17251823626-74-13-190182229192121301117181427201917
Investment intentions1
All industries4-11-8-9-7-10-10-7-9-741-10612130-8-15-3765141619212219171413121211129811
Manufacturing (excluding construction)10-15-13-16-12-17-17-10-11-1273-109232113-1-17-41-1-41016222627242114121312111311913
Intermediate goods producers-20-18-21-17-25-26-17-21-214-1-14112422171-18-43-7-8715232628242215131212101310915
Capital goods producers-12-14-17-15-22-20-11-10-8118-5724219-7-28-50-4-108172228282520159119101212812
Consumer and durable goods producers-11-9-13-9-5-7-5-6-71-3-16313135-2-7-3512614132022232220141318171617151112
Chemical industry-7-9-113-3-12-1-13-151-1-9143229208-6-2518142226363239313419201417161713720
Pharmaceutical industry516027353419301618-6-724249201990332429282832383120203328252734252130
Basic metals-19-19-23-21-30-30-17-20-18147-615262611-10-26-57-21-12-1121623241820854-1220111011
Metal products-26-21-26-24-31-32-21-20-201-4-177232416-1-27-48-16-174112026262221151111971210810
Electrical engineering-4-6-9-11-19-19-8-9-81815-2172627175-22-45-1-711162828323223191513191514121013
Mechanical engineering-15-17-21-16-22-21-12-12-12117-79302210-6-29-51-6-119162328282418111088101110814
Automotive industry-10-21-33-17-39-29-15-7-34132-118116-14-34-74-21-24-122119332833392382315814151621
Construction3-19-15-19-14-24-23-25-27-28-14-17-28-953-3-9-9-266517141618151114958403-1-14
Building construction-17-20-25-17-29-31-33-32-37-24-23-32-91151-4-8-24581913171716121511485072-25
Civil engineering-16-9-11-2-13-20-18-18-181-16-30-261-9-14-21-12-193071017181711135-2201-3-8-61
Finishing trades-21-16-17-13-20-14-15-20-18-6-9-19-316-2-10-9-3063181514191311128810203-135
Trade2-22-16-16-17-18-17-14-18-14-3-5-200710-7-13-14-405410111416171413101091097458
Retail trade-23-15-14-16-15-17-17-18-17-6-8-21-225-14-17-12-3874668910117568794154
Wholesale trade-22-19-18-22-24-20-14-19-15-3-4-18312161-8-14-4034121517202216171312911885412
Services (excluding trade)6-6-2-20-2-3-1-4-174-67912-4-11-15-35101016172021211916161413131314111011
Transport and warehousing-13-8-7-4-8-10-10-15-1032-731213-5-15-22-472010141716181691079885134
Hospitality-16-5-13-18-15-15-15-18-9-3-5-90-117-23-36-29-60131717182223222618272518212318191716
Financial and insurance services21618202623212422171815017171484-1-1715517201620151174386210879
Banking28303235322631322623201181714109-1-1313-21618121812102-1-2750106711
Insurance1843393436303930273820161624221686-524182130252123221619191219181819197
Real estate3232210-4-63-4-91322161357-17191626252631292528272528222027201518
Health and social services181221232922171020131062525281697-4192935263129343321253331283036232525
Information economy-7-10-56-2-2441118-414181951-7-27171720232523252221222020141818181414
Employment intentions1
All industries4-14-11-13-9-10-12-7-8-922-7589-3-9-13-2800610111214119766655326
Manufacturing (excluding construction)10-20-18-21-17-19-20-14-13-1224-7815143-9-21-33-10-102101517211612754423205
Intermediate goods producers-23-21-25-22-27-29-20-22-22-30-12717156-7-22-35-17-16-2613182215137412130-15
Capital goods producers-19-19-20-17-18-18-11-7-4121521019173-12-24-35-10-961822232620151057644518
Consumer and durable goods producers-21-18-22-17-14-15-13-16-12-7-6-14346-8-12-17-33-2-64387131144656141-11
Chemical industry-13-21-25-13-14-11-7-10-120-1-1541515112-4-21-11714221727181596812887111
Pharmaceutical industry-7341915196102310222630101511-56191412172115251718132130141231272514
Basic metals-18-21-28-32-33-33-35-26-25-15-8415130-21-43-55-45-37-1710111581-6-5-13-15-7-4-8-11-8
Metal products-27-26-26-23-31-32-23-21-22-2-3-15313174-13-29-37-21-20-6514192214117214141-16
Electrical engineering-13-11-15-10-14-17-3-2118211120252412-3-19-31-4-48152426312822161071410910612
Mechanical engineering-23-24-22-20-18-17-12-8-6141771325193-12-26-39-12-1462023262924171166534219
Automotive industry-42-45-51-38-46-44-32-39-20-6-3-19-19-6-4-8-22-41-60-37-33-182814618-1-113-6-4-10-12-3
Construction3-9-9-11-8-12-13-12-16-22-8-7-17-1542-1-3-116411111215141013959413-2-31
Building construction-12-10-13-12-16-15-17-20-30-13-10-18-35530-2-844811121310910858426-1-41
Civil engineering-4-5-8-3-7-111-1-111-10-12-11-4-4-4-3-783131312191910207291-2-6-7-54
Finishing trades-8-10-9-6-11-10-9-16-14-5-5-162753-1-2-187612911171512149710513-2-12
Trade2-20-17-17-14-15-17-11-12-13-3-4-14-256-6-11-8-260167891097655433-1-15
Retail trade-22-18-17-14-15-17-13-14-14-6-8-17-515-11-14-7-25002134352023210-5-21
Wholesale trade-20-17-18-15-18-19-9-12-141-1-11410100-8-7-25021113121317131310876463211
Services (excluding trade)6-10-7-7-4-4-6-2-3-544-5758-6-9-12-28538119111298768776558
Transport and warehousing-17-16-11-12-13-17-13-18-16-4-1-7-126-7-14-14-33-3-718781297645453003
Hospitality-20-18-21-17-17-19-14-17-16-1-1-157-82-24-31-30-64-3-14205315305330-112
Financial and insurance services2-22166530-4-3-4-16-12-12-13-21-20-24-25-23-21-20-21-24-24-28-31-33-34-29-27-23-17-15-14-10-6
Banking-30-2200-3-8-15-13-20-31-36-37-42-48-46-51-46-48-44-44-46-49-48-53-55-56-58-49-46-41-30-27-24-19-15
Insurance65211434211713233021925192341118-48-13-1-1-3-10-18-14-20-12-5-8-12-9-6-20
Real estate-6-3-41-3-3-1-5-80-4-55810521-986111212131413119711785255
Health and social services6108171515133310221913161117175313030322524312828303725262829151724
Information economy-5-3-33631013918181022262918146-12262428343229332727242425222018232119
Domestic investment motives5
Replacement needs1
All industries4676667676767666765666564656363646465656564656464656466676566666566666666
Manufacturing (excluding construction)10686766686766656765646562646362646465656562636363626163636363636363636462
Intermediate goods producers696968706969666966666662646262646566666562646263626064626264626261626361
Capital goods producers646463656560616261605959606160636162646261626161586061626060626163616461
Consumer and durable goods producers696765656466677065636663636263626264616459616262616061646464666761636363
Chemical industry615960676069676756555855576156625658546056615661565552595860576259555855
Pharmaceutical industry736958586068716674656958685859565253635359675950595463747268706466667373
Basic metals777477757270706569707465656769656866726569666969685869636065656967646771
Metal products717071717172676868656664666562666668676662666360626362656164656161626562
Electrical engineering565956636055545857565555555854555856595556545655525257545657535453555354
Mechanical engineering636664646461626361606160636262656564646362636264626265646363626466646563
Automotive industry705961587158575061665756485055554857715557545854515851535757685357596655
Construction3798079788081808080807978797877797979797978787678787679807978808081818080
Building construction898585788182808279797980767575787876777777777478787777807878807981798080
Civil engineering808786827887858890899285939188888787838883858686848587868881858990908290
Finishing trades757977777976767579767674757876777678787979767174767277797577797777807777
Trade2676566676465656566646461646463626364636462636263646265656363636264636364
Retail trade686668676565646466646561636363616363636462626363666464646263636164626263
Wholesale trade676565656364646465636360636461616263636361636262626164646365616362646264
Services (excluding trade)6656565666566656664656464646262636363646363646363656466686666666566676767
Transport and warehousing798178818281798078827978807977797978797878787878797681817979807780818081
Hospitality767376747374707170706767686668687071727169706870726871737471717271717068
Financial and insurance services2616262646260636663606062595957565957615862636063636064676667676969706869
Banking737574706969697272686971666865666967706672726972726874777477778078798179
Insurance234534484938515549373844393329353428333751374347403736383846393648463852
Real estate596062646464636357636262646059616359636362626258625962656060645958636363
Health and social services787169766774737571666971746873726870717471697175656971726175696968706877
Information economy504751504950525248515251514951524748495046454748495252545653545253535154
Capacity expansion1
All industries4343433333332323232313133313131333334323231323231313231333231323231313130
Manufacturing (excluding construction)10202020202120232224292828323536312622272735374042413936343231313031323132
Intermediate goods producers181718181816211920272827343738322520252633374143433937353432313133313134
Capital goods producers222020182121242428333131323634292421262635394144424135333130312931323233
Consumer and durable goods producers192220242523222124252324262832262725312737333836373532343231313028302828
Chemical industry232123283023282027232927423942433530413952505148554850393940403639373645
Pharmaceutical industry384639495248494550494147535148435150595453465551595258645059525451565141
Basic metals161318131614161717252527253335242517162131353736353534263226282436272728
Metal products161516151516201819272725293535272318222333344344443935333331323333343335
Electrical engineering262222232423313233394137434344342721272936394444484338353430293135313534
Mechanical engineering201819161919192326342932343835302321242635414145444034333029302829313134
Automotive industry191814171916252027263231292832382723272333394451414740423835353239403833
Construction3211718211717181614171615192022201919222225242626272725252222222020191918
Building construction211815211415151212141412212224222019242328242726262629242221232123201718
Civil engineering191822202017192217201317141717141518191722242324312921232018181211161813
Finishing trades201417211920201816191818192023201919222524252729292823252625232420192221
Trade2161717171817191918222120222528242323252627282929303030282927272725252528
Retail trade141615151615171714191717192323212120232323232324252725242522232422202325
Wholesale trade191818181919212021242424252933282626282932333333343333323230302929292932
Services (excluding trade)6191920191919191920202120232525222222262528302929302827282726262624252425
Transport and warehousing171718181713171516182021202326191821232126282728292925262325232420212325
Hospitality121213111311111111111110121414111313141416171915151717181917141614141416
Financial and insurance services2181817171418171515161613171818131514161616171617151412111110121313131416
Banking101089910867888810135781089101011876766789101213
Insurance2827242320292619162315132428191221151811121621221820991611151715111513
Real estate262425242322242024232222293133363336353641404138403739393937363437333530
Health and social services211929243129262520303029312732253543343637444038454642474945394340373941
Information economy192321242524252428272826323532303027353238393937393537353434333332333231
Product innovation1
All industries4272928282828272827272826293132313232333233323232333332333231313130303028
Manufacturing (excluding construction)10293130313230303231303129323635363737373736363637383938403838393837373837
Intermediate goods producers282928272826283029282827303533333535353535343437363735393637383636363637
Capital goods producers343533373937363936373837374242414243444441434341464443474543454442444442
Consumer and durable goods producers313332313333303029262827323232363537373637373339374039373636403638353737
Chemical industry273027283127303032313533373436363937363341363433363937403936403231313138
Pharmaceutical industry404345383943503435433135413536433838373737404145465146363840412926282927
Basic metals192822232217202423222424292929312830283030273234293932343334302929303122
Metal products242625252525252826252326263229273129293031303030323130353333323132333033
Electrical engineering494747444446464847474846485251535457545649524851545552565351545453525452
Mechanical engineering323333383738333734353535364139394141414239404137424141454342454140404139
Automotive industry454437424739464943454246405453535049574448485550646556495451566153546055
Construction3171617181618181917161817201923212121202123211920211919212019161616171516
Building construction161617201720212120192018242025242623222526242221211920222121161717161713
Civil engineering202114201319181816151718182021122223251826201719212222191918142014151618
Finishing trades161416171717161815151718171722211719161820191720221919222118181516181418
Trade2212423232423222323242423242627262728282729292827292827292627262626252622
Retail trade212423242523232524272624262929282830292831303028302930322830283030313022
Wholesale trade202423222524242324232523262628262727272729282826302825272624262524222422
Services (excluding trade)6293129292928282928282926293232313131333233333233323332323131303129292927
Transport and warehousing151515161513131416131514151718161616181416171615151613181414121413131311
Hospitality252925262726232424272725302930292726323135383537363734333735353833363329
Financial and insurance services2313332323531333331303330323536353641384036383535343834323230302624252727
Banking273133283226302824292824252730273036363732353031293426232223221817151619
Insurance626460675459587058546455646868777075747565665864636569667663646349575650
Real estate202120182119171919192016212222232423232121212424202323231818212019221918
Health and social services262627272030242123192222322528302230262524222426272233232928302926273529
Information economy555349525154525350484945505354505551555355555353545455585352535248504845
Rationalisation1
All industries4191919192019202021222322252829252322262630313232333230302827272726262627
Manufacturing (excluding construction)10434344424342424342424142414242444446464645454543464544474645464645464544
Intermediate goods producers474648464745474745464545454545484850515150485047504947504949505150504848
Capital goods producers444544424244414340403942414342444446474545464443454446474645464543454444
Consumer and durable goods producers454443424241424444414243394040434345434442454543434544484643444546464843
Chemical industry414645434343383743444347363840364643404244384139474541444543453840414542
Pharmaceutical industry513333282834293638293731162638303419263326333833233634292832322836363641
Basic metals454450434639464239443846414345545148525247494541504745484149485948515147
Metal products484750495048515048494849484747515051545657545352535250565250555450515149
Electrical engineering474844424546454442443937434343454646504546474541444344454643484443474342
Mechanical engineering454746434145424342394143414644464649494849514847505050505050494648454645
Automotive industry484448434452425047484346505248464553504845425044444448514849505644524650
Construction3242424222223232323212425232223242525262525272727262623272422222320222325
Building construction222425222222232424202728242225252925272827282628272724282420232219222227
Civil engineering212320261923221918201925232219181222232525282626262623322830232723222825
Finishing trades252523232225252324222222242424242728262323242925252524262321202321242423
Trade2353534333431313131283131292828303130292829292928282728292729282928282828
Retail trade303230313329313132282931292727283028272727272627252526282626262626272528
Wholesale trade413938383636353533313534323130343434343231323332323232333233323331313129
Services (excluding trade)6303028292929282828272729262727282829272725262625252625262525262625252525
Transport and warehousing232321212222212120192020192018202321212120191817171918201917182119192020
Hospitality292829292829302730262933293131322827242424232423232424222219202224242325
Financial and insurance services2414241434443424242444244464547464750524948464852505046514749514744424139
Banking424242464647464445504548535455545659615654535660575852545353555248444443
Insurance676362635867576354536060504655494749435753504549475746615049574746504540
Real estate272826282324272526242825202120222023182218171819171717211819202021181819
Health and social services192621211914222920212218191820161717171615191517121316262225191817232318
Information economy322929272826242725222225202220222225212322232220232219212320222320202421
Environmental protection1
All industries4161718212123242527292929282726212118201916161514141514151414141413141312
Manufacturing (excluding construction)10212223262830313436373737363533282725262322212019192018201919201916191716
Intermediate goods producers192223252729313336383738383635292826272523222221212220222020212118191917
Capital goods producers181818212527273031323234293127232017191615151212131312141314151311141211
Consumer and durable goods producers232025262932303436404136373836303027292723222017181918211818202118201817
Chemical industry262734293338414347484647424842414035323533302829313128293023282421232621
Pharmaceutical industry444041413546434455433839462937242529272519141311121717251915181614191517
Basic metals252730323837343839414040424842363334292725262924272520262628232217212222
Metal products161719222224303131313334342932232317211816161615151615181517171618161512
Electrical engineering16181918212324253031283027262419161821141315121112131213121012139131211
Mechanical engineering171718202529262931323433303127232017181715161314141412151416181412141213
Automotive industry252621253138404239473645364642312829342222151915171817161720161412212016
Construction3161614171918211919232324252323202016201918161513161412151212121012121110
Building construction16131317182223212026272629252521241722211516141115131112121111101211118
Civil engineering1821202325212520212617252129232020182021221714132014161614131512914159
Finishing trades14151115171418181922212225202219181518182016161616141316111211913131013
Trade211131315161720212226252526252418181618181515141413141213111213131111119
Retail trade11121216141619202325252626262418191721201516141314141214131415151211139
Wholesale trade12131516171822212225252325242417171415151514121312131111910111091099
Services (excluding trade)6151617201921222224262626242423181815171714141312121212131212111212121212
Transport and warehousing212021252323242329292724272831252723262622232019202119221718161716171717
Hospitality172021222126262630373638353334262522302825232421192120202323222624282726
Financial and insurance services219212232303135353534353232272620171412117575667778977878
Banking31333948474651504945494538373427241814118696878810910109111011
Insurance4188151218222224312526382018171112131711438593416923333
Real estate232425252729303031353336292926221919191916181615161814201920171918201519
Health and social services2115172327252120222522231920131417101413771087581311376119812
Information economy6879991013131515151516149117894543345644444343
Business risks cited by firms8
Labour costs1
All industries457595656565453535353495146434034323229424042434142424039404040404042423841
Manufacturing (excluding construction)1060635959605855565556515143444036343226423943444244443938383939393740403539
Intermediate goods producers63666161626056565556505143454136353427434043454344444040394142403941413540
Capital goods producers59635857595756565555505243433836343024393740434243453836363838383639393337
Consumer and durable goods producers61636161605957595859555648464336353530454246454446464342433939404041414042
Chemical industry48554855554845474849504430373228242618363532272926302425272924312529312831
Pharmaceutical industry48494750445344595742465246443837332633424332383231343625303033323137283741
Basic metals68686267656262596260524746434344413833514545535049514041424253414042463537
Metal products67676465666659626261555650514541393630444447504851504645444748454549474048
Electrical engineering58615952575756535154485143413834323224373539394043433838383939373640383236
Mechanical engineering58635656615456555553505040393835332821393540444142463734343636373336373334
Automotive industry70726167646762656065606450463946433631484649464853523747434646444445493346
Construction359605758545454545253505450484441383741464848494847484544464547454747474449
Building construction57625753515249514648474946484438363641474951504747474443454446444844444347
Civil engineering65616160575959545855495454464144393434394245464845454148434054434640454252
Finishing trades63626161565657565556515955484442414143484847485046494844454747464851514652
Trade256585555575252535151464944413729303127393940393838393736373736363738403737
Retail trade60615859595456575454515449444031323431434243434141424238414240414443454243
Wholesale trade53565252555149504948424639383527262822373636363634353332313132303032333232
Services (excluding trade)656575455545352525252485047434033313229424142434142424140414040414244434042
Transport and warehousing63706665636163616161566257545143404136514950504849524849484746474953534952
Hospitality75797577737467716768646367595138414647625958636060616060626161626364655657
Financial and insurance services241403935353532343336323229272721212317252627262527282924292830303029292528
Banking39333233343533313236322928252723202514262628282730292926292933333331322631
Insurance4452393546342937353834323230301515156232020182318272619322723262525192626
Real estate44444141404141383537343538323126232519313033313132282728252528262526272225
Health and social services61535162645160616060536255434037383736454346494347404343474044454850565157
Information economy48494545494646495046434641383328282623373637413737383635363434363537363438
Foreign demand1
All industries418171819171816151613141516131318232730171917151313111316161718181816181916
Manufacturing (excluding construction)1034353637343732313325262826192129394954363934302624222630313535363931373930
Intermediate goods producers36373839384034333627273128182027385058384337312624202630313637374130384030
Capital goods producers42424646424539373829303131252737506164454841383330283439434544474942474939
Consumer and durable goods producers28252728242723242321222424161926333740242624212120181922232623242723293023
Chemical industry40414141394335364440404138242632495963424645383731274137404848455137485144
Pharmaceutical industry33233932283440392720283230343738365351404241323130353135443936323338373426
Basic metals35384243464340343826252825171726385359434546312526232833384146464931484131
Metal products39383940393933333725253029181928395159404537312322202330313436384131374029
Electrical engineering43424848444840394232283232272835516560455043413733293439404645485139435040
Mechanical engineering47495050454643394231333532252840556670525447423634313943475048515446515443
Automotive industry48445950536648463931323735323239465770465042352924263034414651545545504840
Construction32232222121122122335332222223333334344
Building construction0112211221121012234222222222323233333
Civil engineering2332211020111323222142233132101123564
Finishing trades3332343122233223347543233234444536454
Trade214131414121412111211111212991216192413141211111091112111212121212131411
Retail trade66665655544564568911666555455555555665
Wholesale trade23212223202320192018182019141520253037212220171715151719172018192018212318
Services (excluding trade)613121213121110101091011131211171822241112129897911111212121210121311
Transport and warehousing1819202320211919191615161712122124293720212015121481217171720182017202118
Hospitality1816151613121110101014132226223236395010101077710912141414141010121210
Financial and insurance services27679776563567466811129987774465678979108
Banking878109966545885669151510109897547567910611118
Insurance2354221163115645891171076363769788813688
Real estate55564544353332267810465324343343345352
Health and social services3341221222153325454332332322322332352
Information economy1012141411111011119101012991315171812121211989911111212111310141311
Energy and raw material prices1
All industries470484949554954606165728278645842302015353232363430323031322524242631273844
Manufacturing (excluding construction)1081595759665863707176859393858166453022474446515047504748473735343742385158
Intermediate goods producers86646465716367747679889595908776563525545053586057605559554340394249455868
Capital goods producers73494548565053616270809090807456291713312831343332333031302220202027243241
Consumer and durable goods producers81606160675966747379869392847960443425525052545345505048484140394547435861
Chemical industry90656570726574787482919694908977604031616159676867686668634945404856496473
Pharmaceutical industry62625953565062717584869395777447443137414042342933453533323224312838324450
Basic metals88726776786679777983899696939379654130625461616963656171695242454351556380
Metal products83615960695965727579869593908572492718464243484850534850513431293138365060
Electrical engineering70424144514548565666768688777254271610262529323333323032302322232430253544
Mechanical engineering72494346564949616269809090817656291512292629333432352933282018201827243038
Automotive industry82656664726671807679939597908669442614504145434746454239412724262329333951
Construction382525456575159686672799091787462352521454140454234363333322323212629273945
Building construction85535456545059686573799191797865362526424242454131363431302222172429273743
Civil engineering84555658565261717177869294787359352411524747525241423442362720262834294048
Finishing trades80525354585056666469768689766960312319423633423834343234312324222728253947
Trade273484850564955616266758582696240282014353029333228312830312424252831274045
Retail trade71484949544955626367738579645533251913332826302724272525292323242629274045
Wholesale trade75484750564953606164748584736948322115363332383833353235342725273032273945
Services (excluding trade)663424444494449545558647468514328231511292525282622232223241918182125213237
Transport and warehousing89636361705869777876839091797256482417564948575643484046513534323547335365
Hospitality85717576797377828284879491736337352724504541484237403939403229333742426268
Financial and insurance services24120242022202329293546624825178743756654444634456589
Banking41131916201822273036526852231664325344422224343454810
Insurance2417181416111121172733493615125410945223222223346542
Real estate67485050535054585864677771544834262212302626262722242423272224222627263438
Health and social services59363138433946494457617662382412156718139121010111310131010121514172732
Information economy372322212923283033374557463124129741191011118999997881091415
Shortage of skilled workers1
All industries436404445465154565862605656615943383726555659616261605651484843434239383838
Manufacturing (excluding construction)1032353939404651545763615452595639343021464855586160605446414036353432313031
Intermediate goods producers31333838374249515461595252605540332920434554576261615645404035353332292930
Capital goods producers33354041424955606370686355645941342922495158626664645849454339383837363638
Consumer and durable goods producers24333334374347475456534644514833302920454750535252514641383732332927272526
Chemical industry22262336333746434447454041424128242214353642424944454028252521282323201821
Pharmaceutical industry28364441424657546058483955494826293142474742494951433627233325282920303225
Basic metals32353932334449505368645650575642242210304148556056615338323328302626253022
Metal products35354241394651576168655556645943353023464958626767676051464440423939353538
Electrical engineering30323735414649595966656255635739332825454555586358585445414336353431313034
Mechanical engineering30333840424955596370686353635938302518465058626866665948434138363737353537
Automotive industry27272838303449506267646152614939342710433847495562535442413835343332332831
Construction354605964596564626470727071788067676954777979818282797774706961595956545352
Building construction53626156515855545762646567787966686653767778808080747469656456555352494849
Civil engineering58726969717475717776777773788366686666788182858382858481747462606457545449
Finishing trades61636572647171707078787476808169697451808281818384838077747366656562595957
Trade231374140424648495053524847525235323422495052545454524842414137373530313130
Retail trade34394440424648474952514748525335333823525351535353514943424339403733343431
Wholesale trade29353938404445504953524945525134313121444751545453504641383734323127282728
Services (excluding trade)637424647495356586062615859626044393927585962636361605754515147474644424342
Transport and warehousing47546058586462656772727269737252464530676969747772757163616554585649494945
Hospitality37454946525658626667666363677546374014717174747574727470707168656459616256
Financial and insurance services244505159596265686667655755585139383629494853504843393632272726272527292829
Banking54646666757477807979756660645441423929534954504741373228222121222426282626
Insurance65646775787778768487786467705855414543515254575046504638353839352629333437
Real estate33373939424546424447454346504437363728474551474849484135333433313327272526
Health and social services62636868777883818782798085818370737570868384848584798077827669697363585964
Information economy24252833354147505257545054585344393727545457595860585249474741404140393642
Financing1
All industries41515141514141416171513141088111212209999910101011111111111111121213
Manufacturing (excluding construction)101212111112121213151311118778910188788888899999999911
Intermediate goods producers1112101111101111141211118767810187777778778878989810
Capital goods producers111011811111112131111118778101118888888899101010108991011
Consumer and durable goods producers1112121212111315151413119771010112299991099911991091111121012
Chemical industry61051010101091414131086676911788776876873477877
Pharmaceutical industry3613474610101378566979161116669732785104135668
Basic metals12158111412101011911111076111212321010771010109710108910981010
Metal products1312111011111112141311108878910198878878998999999912
Electrical engineering91089999111491112876891017767677788799898989
Mechanical engineering11101181110101313111011877710111877987889910101011899912
Automotive industry14171113171819171517141416111091415241217101111914131011911118671411
Construction320192020171822222521191911776810137889911101112121312131214141516
Building construction2318193125253332353328271688711131691010121114131316151613151415171516
Civil engineering98910681212179995535575344558768791212109101216
Finishing trades1211141291415141613121587667714677679910911911101114131515
Trade21313131313131415161512138779111020889789991010910101010111214
Retail trade1313131212111213141312127761113102188989910101010910111011111314
Wholesale trade141413131313131416151113878799187796888899910998101013
Services (excluding trade)61616151615151517171614141210101315142291010101011111112121212121212131314
Transport and warehousing17171618161618182121151611891211112188108710991091011121111121315
Hospitality171815181515131615141291212112125183910101010101191112131313111415141416
Financial and insurance services213121112101013131817141710878911148117889101112111211109910109
Banking11888101012141819151998689914811667710111210121198910108
Insurance1846456810754942257329757107913107129117878
Real estate39383637343536384139383725171418171925161516191921202324242120171918181823
Health and social services23252323232218302322192515151518211728212321202022202018222116192219232217
Information economy10111112121111111313101088101012122110111011101091211121112131211141513
Domestic demand1
All industries456595857595955555346485241373648576068454642383434333738404345454544484843
Manufacturing (excluding construction)1062676865707166656450515640353649616874575749443734343941444950485048525343
Intermediate goods producers65717269757772717054545842333444617174616152453633323939444951485247535641
Capital goods producers60676764716964615843454935333650627075585749433532343740445051484748505144
Consumer and durable goods producers68677066677265656558606549474661656774525450514746454651505255515354545649
Chemical industry58706863637061636554556140323345566269505445393430313938404945444642454840
Pharmaceutical industry49385637303653404141494530353843505151423532343931313929283138413636363836
Basic metals62757570798077736847415139303142667585696659453628304441454953566048566040
Metal products68737370767772696750526041353748647478676453443633333738464950495050545542
Electrical engineering62656963697064616442444937353347627174615952473735333743445151475047525446
Mechanical engineering62707066747267635943434735323450647177616051433530323738465251474849505043
Automotive industry57667167787863706042495841424249577781606055453031373637404553474748535140
Construction350555252585654555847505337272941505155333227252221232727343639424243494739
Building construction55616260646162636457605940273042515355333430282423253230383937414545514941
Civil engineering47535142565450485140504741304049545652413632232520213227364550484650565240
Finishing trades45534649535449505340424934272539505058302823241920232125333241424041474637
Trade268696768687065656560606553484658656773555652504648464951525457555656616157
Retail trade65656465646561626158596256504656636471525353514850485053525456565658615958
Wholesale trade73757273747670686863626750464556667073575851494545434849505456535553606155
Services (excluding trade)651525050514947474540434738363546535565384037343031303335363839403939424240
Transport and warehousing43494548505047484641414331272842505467343732241924202428293135363234373535
Hospitality46474346424238383227323733332338444460242422211517171620192022232222222428
Financial and insurance services246454542474844434646475039333344515368373740373435343635333638383639414343
Banking41424137424345414543444634272838474766313236342831302930252829292729343936
Insurance56564548344944474957616049434456676878394956595349535351566364565561576358
Real estate43404040383736393634393927262735434149293031292826283436333234313037363838
Health and social services15191619191713151515151918202027292129111310151213161617141520211821182120
Information economy71687268707065636153566255495161697176545753484746474954555758606158625955
Exchange rates1
All industries433332222233643233333445655768678912756
Manufacturing (excluding construction)1055653222345854456645779111111151214121316172114912
Intermediate goods producers54543222334843345545668101010131113111215172114910
Capital goods producers6797343344696447785688111414131814151414172024161016
Consumer and durable goods producers65665333556107654674699101111111514161415181823141011
Chemical industry61013105353346115648101065712131919182220201620262432211419
Pharmaceutical industry141413171355128139141513989194181817102115212718252213211919161414
Basic metals7223102222364333323445881281291091211131971011
Metal products3333212122363333335345677710810891113161278
Electrical engineering981086346589177657101058119131616162218211720252634211418
Mechanical engineering789724223357544677457810131312181314141416202316916
Automotive industry456776538691410441071015131213152019192618171416232629151319
Construction30101100011012110010111010111111112111
Building construction0111110111122110010100010111101001101
Civil engineering1201000000111110100100000100011113211
Finishing trades1101000001012101010111111111111112111
Trade24445534445611765554566778879101210101314191077
Retail trade32222122223632322223333344556567812423
Wholesale trade6567856678101712978878101112121312131416181616202127171311
Services (excluding trade)62222111112242111112222232233533456433
Transport and warehousing2232211112233222222222233233633557433
Hospitality1111010101121111110010110111321223210
Financial and insurance services21111111111134211122221222232322336322
Banking1112110101134110122121123132322435332
Insurance2223211001367355216564524564423337223
Real estate1111110000122101011101111111211233112
Health and social services1001000010022102010110122211223111132
Information economy32332222234532222223334544456557710544
Economic policy framework1
All industries458585759605754575143414644394349474455464540413937383841433843444142444340
Manufacturing (excluding construction)1060616062636056585142404543344043424049484740423936343541433641413839434139
Intermediate goods producers59605961636157605343404643334041413848484639403733333239423341403539424037
Capital goods producers62626163666156565041404545354045434249535245454340363947463942434240444641
Consumer and durable goods producers59585560595553554840374240324043423949413933373332302834383336363634393435
Chemical industry64626462606157555639454348333842424158474841464338333238453543433837364037
Pharmaceutical industry71685665585853515852403752344451384263585247545654404953534455525942565849
Basic metals61616356696059585741404442333744413445534944434143423144503950473540494539
Metal products59615662626157595342394541334042393948504739403932313339413140383640424136
Electrical engineering59616163645753554642404741334044434251495042434137373743453641383740434139
Mechanical engineering65636365666357585141414546354144444446565547474542364049464041444238454743
Automotive industry61686370686253595548404647344045414141524642493728253537403637403133413932
Construction354525153585455574839374442323639393654353529272726292932343437383637413839
Building construction53545355615859615345384643343537393655363728292827283133363639404036434039
Civil engineering52494962545556574438394441343447514255403730303036323233403644414046424238
Finishing trades53524749585150534438374442293539353456323330252623302831323333373335403740
Trade259585759625855595243434645394450504355444439413735373637413641434038413937
Retail trade59565457595552585244434744414453514357444237403635383638423542424138403937
Wholesale trade60616060656158615343434645374347474252434540403633353437413741443939424038
Services (excluding trade)658565658595653565144414744424554504757464642424040414142454046474445464543
Transport and warehousing55555456615453595141404441384146444450454440393637353637403543424145444343
Hospitality56515659585855615244374641454263605266414340373738413740424245464442454036
Financial and insurance services269706871757066676858586266637071676374727268697065697174767376767274747370
Banking80797680817771757364637073717776777284828377798177788283858285858182808177
Insurance68566555766560646150534962547174605776735767636361646874716771726567756371
Real estate62626168666362616359505552485359545462565552514946494753565058575555555549
Health and social services52454843434444434741374341263842383851374235353339333937403346464246414542
Information economy51505050494844434036333836323643383652373532313132303131332833352930343231

Latest reading

All industries stood at −3 in May 2026. That is −3 from a year earlier. The series on this page is monthly and runs from Sep 2003 to May 2026. Source: German Chamber of Commerce and Industry (DIHK).

Latest
−3
May 2026
vs a year earlier
−3

About this data

The DIHK surveys tens of thousands of member firms three times a year through the chambers of industry and commerce. This table holds the core of that survey by sector: the balance of assessments of the current business situation and of expectations, together with employment, export and investment intentions and the reasons firms give for investing at home - capacity, replacement, rationalisation, product innovation or environmental protection - and the share of firms naming each business risk: labour costs, foreign and domestic demand, energy and raw material prices, skilled-worker shortage, financing, exchange rates and the economic policy framework.

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