Germany DIHK business survey
Germany DIHK business survey of the current economic situation, expectations, and business risks.
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| Indicator | 05-2026 | 01-2026 | 09-2025 | 05-2025 | 01-2025 | 09-2024 | 05-2024 | 01-2024 | 09-2023 | 05-2023 | 01-2023 | 09-2022 | 05-2022 | 01-2022 | 09-2021 | 05-2021 | 01-2021 | 09-2020 | 05-2020 | 01-2020 | 09-2019 | 05-2019 | 01-2019 | 09-2018 | 05-2018 | 01-2018 | 09-2017 | 05-2017 | 01-2017 | 09-2016 | 05-2016 | 01-2016 | 09-2015 | 05-2015 | 01-2015 | 09-2014 | 05-2014 | |
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| Business situation and expectations5 | ||||||||||||||||||||||||||||||||||||||
| Current business situation1 | ||||||||||||||||||||||||||||||||||||||
| All industries4 | -3 | 1 | 0 | 0 | 1 | 1 | 5 | 7 | 9 | 19 | 19 | 13 | 19 | 18 | 29 | 2 | -3 | -1 | -26 | 30 | 30 | 36 | 43 | 45 | 45 | 48 | 45 | 40 | 38 | 36 | 34 | 38 | 35 | 32 | 32 | 31 | 33 | |
| Manufacturing (excluding construction)10 | -7 | -10 | -15 | -11 | -14 | -16 | -5 | -1 | 0 | 19 | 21 | 14 | 29 | 35 | 35 | 25 | 6 | -10 | -23 | 16 | 16 | 34 | 43 | 47 | 52 | 54 | 48 | 44 | 36 | 32 | 31 | 34 | 30 | 32 | 30 | 28 | 35 | |
| Intermediate goods producers | -13 | -18 | -25 | -21 | -26 | -30 | -16 | -14 | -13 | 12 | 15 | 11 | 35 | 40 | 39 | 35 | 9 | -13 | -21 | 7 | 10 | 32 | 42 | 48 | 53 | 54 | 49 | 45 | 34 | 30 | 30 | 30 | 26 | 32 | 27 | 27 | 37 | |
| Capital goods producers | -3 | -6 | -11 | -6 | -11 | -11 | 2 | 13 | 13 | 35 | 33 | 23 | 32 | 40 | 37 | 23 | 2 | -18 | -28 | 18 | 19 | 37 | 53 | 56 | 60 | 61 | 54 | 48 | 40 | 34 | 33 | 37 | 33 | 33 | 35 | 31 | 37 | |
| Consumer and durable goods producers | -9 | -4 | -10 | -6 | -4 | -8 | -5 | -1 | -3 | 5 | 8 | 0 | 6 | 12 | 15 | -4 | -3 | -5 | -34 | 25 | 15 | 29 | 29 | 30 | 32 | 39 | 32 | 29 | 31 | 30 | 28 | 35 | 29 | 28 | 27 | 23 | 31 | |
| Chemical industry | -5 | -19 | -19 | -10 | -2 | -13 | 1 | -12 | -16 | -3 | 1 | -7 | 26 | 37 | 37 | 37 | 22 | -1 | -4 | 13 | 13 | 28 | 34 | 42 | 52 | 55 | 47 | 58 | 38 | 29 | 34 | 36 | 30 | 41 | 36 | 33 | 51 | |
| Pharmaceutical industry | 25 | 42 | 18 | 36 | 32 | 41 | 21 | 35 | 33 | 34 | 29 | 21 | 26 | 30 | 26 | 31 | 33 | 26 | 38 | 52 | 43 | 53 | 45 | 50 | 57 | 60 | 51 | 50 | 51 | 35 | 39 | 40 | 43 | 49 | 38 | 29 | 41 | |
| Basic metals | -13 | -30 | -31 | -37 | -44 | -44 | -28 | -26 | -16 | 23 | 20 | 13 | 37 | 42 | 44 | 25 | -17 | -48 | -55 | -36 | -14 | 21 | 39 | 48 | 56 | 49 | 44 | 28 | 9 | 10 | 3 | -2 | 7 | 22 | 9 | 22 | 21 | |
| Metal products | -17 | -20 | -24 | -22 | -30 | -31 | -14 | -6 | -7 | 20 | 20 | 15 | 32 | 38 | 37 | 31 | 0 | -23 | -25 | 5 | 7 | 34 | 46 | 55 | 58 | 58 | 54 | 47 | 35 | 33 | 31 | 33 | 32 | 32 | 31 | 31 | 39 | |
| Electrical engineering | 4 | 3 | -6 | -3 | -7 | -13 | -1 | 8 | 6 | 36 | 38 | 28 | 38 | 46 | 43 | 31 | 7 | -15 | -27 | 18 | 18 | 37 | 50 | 53 | 56 | 60 | 55 | 50 | 39 | 32 | 36 | 38 | 34 | 37 | 35 | 31 | 37 | |
| Mechanical engineering | -5 | -12 | -14 | -10 | -14 | -12 | -2 | 10 | 14 | 39 | 36 | 26 | 39 | 46 | 43 | 22 | -1 | -25 | -30 | 15 | 16 | 38 | 55 | 58 | 60 | 62 | 57 | 49 | 39 | 32 | 30 | 33 | 31 | 30 | 32 | 30 | 39 | |
| Automotive industry | 0 | -9 | -32 | -15 | -30 | -31 | 4 | 13 | 7 | 18 | 18 | 12 | 3 | 11 | 10 | 34 | 8 | -23 | -65 | -4 | -1 | 17 | 41 | 49 | 68 | 60 | 51 | 50 | 46 | 43 | 47 | 51 | 38 | 45 | 40 | 42 | 43 | |
| Construction3 | 7 | 9 | 14 | 9 | 5 | 15 | 13 | 8 | 16 | 26 | 28 | 26 | 39 | 47 | 51 | 41 | 39 | 44 | 30 | 59 | 63 | 62 | 66 | 70 | 62 | 62 | 64 | 56 | 52 | 54 | 41 | 41 | 43 | 35 | 34 | 39 | 37 | |
| Building construction | 1 | 0 | 0 | -3 | -7 | -2 | -3 | -7 | 0 | 14 | 21 | 19 | 38 | 50 | 54 | 46 | 41 | 48 | 38 | 61 | 61 | 61 | 65 | 71 | 63 | 58 | 62 | 57 | 52 | 53 | 46 | 42 | 42 | 37 | 34 | 39 | 37 | |
| Civil engineering | 13 | 15 | 21 | 14 | 24 | 30 | 28 | 19 | 29 | 30 | 22 | 22 | 32 | 42 | 42 | 30 | 33 | 44 | 37 | 57 | 59 | 58 | 62 | 68 | 58 | 63 | 68 | 51 | 44 | 51 | 21 | 37 | 40 | 22 | 29 | 28 | 29 | |
| Finishing trades | 19 | 17 | 25 | 21 | 14 | 27 | 29 | 24 | 33 | 39 | 38 | 37 | 43 | 47 | 51 | 39 | 39 | 40 | 20 | 57 | 66 | 63 | 68 | 69 | 63 | 65 | 65 | 59 | 56 | 56 | 42 | 46 | 48 | 39 | 37 | 44 | 42 | |
| Trade2 | -21 | -14 | -17 | -15 | -12 | -15 | -7 | -6 | -7 | 7 | 12 | 0 | 14 | 17 | 25 | -3 | -5 | 5 | -28 | 23 | 22 | 27 | 31 | 30 | 30 | 35 | 31 | 28 | 28 | 26 | 27 | 28 | 24 | 23 | 18 | 18 | 27 | |
| Retail trade | -21 | -13 | -14 | -15 | -10 | -12 | -6 | -8 | -9 | 4 | 5 | -6 | 5 | 8 | 23 | -17 | -13 | 10 | -28 | 26 | 23 | 23 | 23 | 22 | 23 | 27 | 26 | 19 | 23 | 20 | 23 | 23 | 23 | 22 | 17 | 19 | 22 | |
| Wholesale trade | -21 | -17 | -21 | -18 | -18 | -22 | -12 | -7 | -9 | 10 | 19 | 7 | 25 | 29 | 32 | 14 | 8 | 5 | -22 | 21 | 22 | 32 | 40 | 38 | 36 | 42 | 37 | 36 | 33 | 30 | 31 | 33 | 26 | 23 | 22 | 20 | 35 | |
| Services (excluding trade)6 | 3 | 10 | 10 | 8 | 11 | 12 | 13 | 14 | 18 | 21 | 19 | 15 | 14 | 7 | 25 | -11 | -12 | -3 | -33 | 36 | 35 | 37 | 45 | 46 | 44 | 47 | 45 | 39 | 40 | 39 | 37 | 42 | 40 | 34 | 37 | 35 | 34 | |
| Transport and warehousing | -15 | -9 | -6 | -7 | -6 | -6 | -7 | -10 | -2 | 4 | 7 | 8 | 0 | 9 | 17 | -8 | -13 | -17 | -41 | 18 | 17 | 20 | 32 | 38 | 34 | 40 | 37 | 25 | 26 | 26 | 23 | 28 | 28 | 19 | 21 | 19 | 16 | |
| Hospitality | -17 | -11 | -2 | -18 | -8 | 4 | -3 | -4 | 22 | 10 | 3 | 18 | -23 | -67 | 18 | -88 | -86 | -20 | -91 | 38 | 42 | 34 | 42 | 46 | 32 | 40 | 45 | 32 | 42 | 46 | 35 | 44 | 45 | 26 | 34 | 34 | 22 | |
| Financial and insurance services2 | 36 | 41 | 32 | 41 | 39 | 35 | 34 | 39 | 31 | 34 | 28 | 15 | 35 | 40 | 37 | 24 | 24 | 19 | -10 | 35 | 29 | 35 | 39 | 37 | 38 | 39 | 34 | 35 | 33 | 26 | 33 | 44 | 39 | 41 | 45 | 40 | 43 | |
| Banking | 43 | 53 | 42 | 47 | 47 | 41 | 40 | 45 | 38 | 38 | 26 | 16 | 34 | 39 | 32 | 23 | 21 | 15 | -5 | 27 | 17 | 26 | 31 | 28 | 33 | 32 | 28 | 27 | 28 | 19 | 31 | 44 | 40 | 42 | 44 | 40 | 45 | |
| Insurance | 55 | 46 | 50 | 47 | 44 | 32 | 26 | 39 | 34 | 39 | 31 | 11 | 37 | 52 | 45 | 37 | 37 | 36 | -8 | 52 | 45 | 40 | 47 | 46 | 47 | 55 | 43 | 49 | 38 | 35 | 36 | 44 | 28 | 27 | 49 | 41 | 39 | |
| Real estate | 10 | 17 | 19 | 20 | 19 | 15 | 14 | 12 | 12 | 16 | 16 | 10 | 32 | 42 | 45 | 29 | 28 | 31 | 4 | 54 | 55 | 60 | 59 | 60 | 60 | 61 | 59 | 54 | 54 | 54 | 54 | 57 | 54 | 52 | 53 | 50 | 50 | |
| Health and social services | 13 | 19 | 16 | 16 | 14 | 19 | 9 | -8 | 3 | 2 | -5 | -11 | 8 | 11 | 15 | -1 | -1 | 11 | -11 | 33 | 38 | 34 | 46 | 40 | 48 | 46 | 44 | 48 | 54 | 55 | 52 | 51 | 42 | 49 | 40 | 39 | 49 | |
| Information economy | 7 | 7 | 5 | 12 | 14 | 13 | 23 | 25 | 20 | 33 | 30 | 17 | 31 | 33 | 38 | 20 | 14 | 6 | -19 | 43 | 38 | 44 | 51 | 47 | 52 | 54 | 47 | 46 | 46 | 43 | 44 | 46 | 41 | 38 | 41 | 36 | 38 | |
| Business expectations1 | ||||||||||||||||||||||||||||||||||||||
| All industries4 | -20 | -9 | -12 | -10 | -17 | -18 | -10 | -21 | -22 | -5 | -14 | -44 | -14 | 5 | 10 | 1 | -9 | -7 | -44 | -2 | -7 | 5 | 7 | 11 | 17 | 18 | 14 | 16 | 11 | 9 | 12 | 11 | 9 | 13 | 7 | 6 | 18 | |
| Manufacturing (excluding construction)10 | -16 | -4 | -9 | -8 | -17 | -19 | -11 | -21 | -26 | -6 | -12 | -46 | -23 | 12 | 17 | 16 | 8 | 5 | -43 | -5 | -15 | 1 | 6 | 12 | 20 | 24 | 18 | 21 | 17 | 13 | 15 | 16 | 12 | 17 | 11 | 7 | 22 | |
| Intermediate goods producers | -17 | -4 | -10 | -8 | -21 | -24 | -14 | -26 | -32 | -10 | -18 | -52 | -29 | 10 | 11 | 15 | 11 | 5 | -45 | -7 | -20 | -1 | 3 | 10 | 19 | 26 | 17 | 21 | 18 | 12 | 15 | 17 | 12 | 18 | 11 | 5 | 25 | |
| Capital goods producers | -10 | -2 | -6 | -6 | -17 | -17 | -9 | -16 | -19 | 2 | -1 | -34 | -17 | 21 | 26 | 24 | 14 | 7 | -46 | -10 | -19 | 0 | 9 | 17 | 25 | 29 | 23 | 24 | 19 | 16 | 16 | 16 | 14 | 20 | 14 | 9 | 23 | |
| Consumer and durable goods producers | -20 | -7 | -10 | -13 | -10 | -13 | -8 | -18 | -22 | -5 | -17 | -47 | -19 | 7 | 18 | 7 | -5 | 2 | -38 | 7 | -1 | 8 | 9 | 14 | 18 | 19 | 17 | 17 | 14 | 13 | 17 | 17 | 13 | 14 | 9 | 8 | 17 | |
| Chemical industry | -18 | -4 | -10 | -3 | -10 | -9 | 4 | -10 | -16 | -1 | -14 | -53 | -29 | 7 | 14 | 21 | 19 | 19 | -39 | 13 | -8 | 10 | 13 | 17 | 18 | 31 | 22 | 23 | 25 | 15 | 24 | 25 | 23 | 26 | 20 | 8 | 29 | |
| Pharmaceutical industry | 5 | 9 | -5 | 11 | 23 | 21 | 16 | 16 | 1 | 5 | 0 | -33 | 3 | 32 | 28 | 8 | 12 | 3 | -21 | 18 | 17 | 20 | 2 | 20 | 28 | 26 | 26 | 22 | 17 | 12 | 23 | 26 | 11 | 18 | 10 | 8 | 22 | |
| Basic metals | -10 | 0 | -4 | -9 | -23 | -22 | -15 | -25 | -36 | -15 | -11 | -53 | -38 | 18 | 18 | 23 | 26 | 16 | -46 | -25 | -35 | -25 | -11 | -3 | 8 | 25 | 14 | 11 | 5 | 4 | 1 | 0 | -4 | 12 | 3 | 1 | 14 | |
| Metal products | -18 | -7 | -10 | -9 | -26 | -32 | -20 | -28 | -33 | -6 | -16 | -53 | -29 | 10 | 12 | 16 | 12 | 4 | -43 | -14 | -27 | -5 | -1 | 10 | 16 | 26 | 18 | 19 | 13 | 7 | 13 | 14 | 8 | 20 | 10 | 3 | 22 | |
| Electrical engineering | -1 | 5 | 1 | 1 | -6 | -8 | 2 | -6 | -10 | 4 | 2 | -27 | -14 | 19 | 24 | 25 | 20 | 15 | -42 | 0 | -13 | 9 | 12 | 21 | 29 | 33 | 28 | 30 | 27 | 23 | 26 | 25 | 22 | 24 | 22 | 17 | 29 | |
| Mechanical engineering | -9 | -3 | -6 | -6 | -18 | -18 | -11 | -19 | -24 | 2 | -1 | -34 | -18 | 25 | 30 | 30 | 17 | 5 | -51 | -13 | -25 | -4 | 7 | 17 | 26 | 31 | 22 | 28 | 19 | 16 | 13 | 16 | 15 | 21 | 13 | 8 | 26 | |
| Automotive industry | -17 | 2 | -16 | -4 | -24 | -34 | -16 | -33 | -24 | 3 | 7 | -40 | -21 | 21 | 16 | 14 | 16 | 24 | -35 | -17 | -24 | -15 | 10 | 12 | 19 | 15 | 19 | 7 | 18 | 10 | 14 | 14 | 12 | 16 | 13 | 16 | 19 | |
| Construction3 | -20 | -14 | -17 | -13 | -25 | -31 | -23 | -38 | -43 | -27 | -32 | -56 | -37 | -3 | -7 | -14 | -21 | -20 | -38 | -3 | -4 | 11 | 8 | 9 | 19 | 15 | 8 | 18 | 11 | 5 | 16 | 6 | 1 | 13 | -1 | -2 | 13 | |
| Building construction | -19 | -12 | -21 | -13 | -26 | -34 | -29 | -45 | -50 | -36 | -41 | -62 | -48 | -2 | -6 | -14 | -19 | -18 | -39 | -1 | -4 | 8 | 5 | 5 | 19 | 13 | 7 | 16 | 13 | 7 | 14 | 10 | 4 | 12 | 0 | -3 | 14 | |
| Civil engineering | -20 | -16 | -21 | -10 | -26 | -26 | -14 | -27 | -37 | -20 | -39 | -58 | -43 | -8 | -19 | -24 | -32 | -34 | -41 | -14 | -6 | 19 | 7 | 10 | 20 | 15 | 10 | 24 | 3 | 0 | 15 | -2 | -2 | 9 | -8 | 1 | 13 | |
| Finishing trades | -19 | -17 | -16 | -11 | -23 | -28 | -18 | -33 | -34 | -17 | -21 | -49 | -22 | -2 | -5 | -9 | -20 | -17 | -37 | -1 | -3 | 13 | 10 | 12 | 20 | 16 | 10 | 20 | 12 | 6 | 19 | 6 | 2 | 16 | 0 | 0 | 14 | |
| Trade2 | -31 | -19 | -19 | -20 | -26 | -28 | -21 | -33 | -31 | -18 | -30 | -55 | -29 | -7 | 1 | -10 | -25 | -12 | -46 | -5 | -7 | 3 | 2 | 7 | 10 | 12 | 12 | 13 | 8 | 7 | 12 | 9 | 9 | 11 | 4 | 3 | 18 | |
| Retail trade | -36 | -24 | -24 | -23 | -26 | -26 | -21 | -31 | -27 | -18 | -30 | -56 | -28 | -11 | 1 | -21 | -33 | -12 | -44 | -3 | -3 | 2 | -2 | 5 | 6 | 4 | 9 | 7 | 2 | 5 | 9 | 5 | 7 | 6 | -1 | 4 | 10 | |
| Wholesale trade | -26 | -14 | -13 | -18 | -26 | -28 | -22 | -33 | -33 | -16 | -27 | -53 | -28 | -1 | 4 | 0 | -15 | -10 | -47 | -4 | -11 | 5 | 7 | 11 | 15 | 21 | 17 | 19 | 12 | 11 | 14 | 13 | 10 | 15 | 8 | 4 | 25 | |
| Services (excluding trade)6 | -18 | -8 | -10 | -8 | -13 | -14 | -6 | -16 | -16 | 0 | -9 | -39 | -3 | 5 | 12 | -2 | -12 | -10 | -45 | 0 | -3 | 7 | 8 | 11 | 17 | 16 | 12 | 14 | 10 | 8 | 11 | 10 | 9 | 12 | 7 | 7 | 16 | |
| Transport and warehousing | -35 | -23 | -20 | -18 | -28 | -26 | -17 | -35 | -34 | -16 | -27 | -49 | -26 | -3 | 7 | -2 | -19 | -11 | -49 | -17 | -20 | -4 | -3 | 1 | 13 | 12 | 7 | 7 | 2 | -2 | 6 | 1 | 3 | 8 | -5 | -3 | 9 | |
| Hospitality | -23 | -15 | -28 | -13 | -29 | -32 | -10 | -37 | -32 | 5 | -13 | -58 | 22 | -5 | 2 | -13 | -25 | -29 | -51 | 0 | -4 | 12 | 2 | 6 | 19 | 9 | 7 | 20 | 7 | 7 | 18 | 6 | 7 | 16 | 4 | 9 | 18 | |
| Financial and insurance services2 | -1 | 5 | 4 | 3 | 0 | 4 | 2 | -3 | -1 | 9 | -3 | -38 | -13 | 7 | 7 | -6 | -19 | -16 | -58 | -11 | -19 | -4 | -3 | 1 | 1 | -1 | -2 | -9 | -13 | -21 | -19 | -13 | -10 | -10 | -10 | -5 | 8 | |
| Banking | 3 | 11 | 13 | 3 | -1 | 4 | 1 | -7 | -1 | 16 | 4 | -36 | -19 | 3 | -5 | -13 | -26 | -26 | -64 | -29 | -41 | -16 | -16 | -11 | -12 | -15 | -16 | -26 | -31 | -40 | -37 | -28 | -24 | -22 | -22 | -16 | 0 | |
| Insurance | 7 | 7 | 16 | 20 | 20 | 19 | 9 | 17 | 7 | 8 | -7 | -32 | 4 | 22 | 27 | 16 | 6 | 4 | -58 | 14 | 19 | 9 | 23 | 14 | 24 | 28 | 17 | 21 | 12 | 8 | 14 | 7 | 12 | 8 | 17 | 16 | 27 | |
| Real estate | -17 | -7 | -6 | -11 | -9 | -5 | -4 | -14 | -19 | -17 | -23 | -44 | -17 | 5 | 3 | 1 | -6 | -2 | -34 | 2 | 0 | 13 | 12 | 13 | 17 | 17 | 17 | 15 | 14 | 17 | 17 | 19 | 13 | 13 | 11 | 11 | 15 | |
| Health and social services | -17 | 0 | -1 | -1 | -13 | -4 | -6 | -12 | -15 | -17 | -19 | -36 | -4 | 1 | 14 | 2 | 1 | 2 | -18 | 7 | 14 | 9 | 12 | 14 | 15 | 19 | 15 | 18 | 16 | 18 | 22 | 25 | 21 | 21 | 12 | 24 | 25 | |
| Information economy | -9 | -4 | 1 | 2 | -1 | -1 | 0 | 0 | -1 | 11 | 3 | -24 | 0 | 19 | 27 | 16 | 3 | 6 | -40 | 16 | 13 | 18 | 22 | 23 | 25 | 29 | 27 | 25 | 25 | 27 | 25 | 23 | 22 | 24 | 24 | 21 | 24 | |
| Export expectations1 | ||||||||||||||||||||||||||||||||||||||
| Manufacturing (excluding construction)10 | -10 | 0 | -10 | -10 | -8 | -12 | -5 | -7 | -15 | 1 | -1 | -24 | -9 | 20 | 21 | 17 | 9 | -4 | -56 | 0 | -12 | 2 | 13 | 17 | 24 | 31 | 25 | 24 | 23 | 16 | 17 | 20 | 16 | 21 | 17 | 15 | 25 | |
| Intermediate goods producers | -14 | -5 | -14 | -13 | -13 | -17 | -9 | -12 | -23 | -5 | -8 | -35 | -14 | 15 | 16 | 15 | 10 | -5 | -56 | -3 | -17 | -5 | 9 | 13 | 21 | 31 | 24 | 22 | 21 | 13 | 15 | 19 | 14 | 20 | 16 | 12 | 24 | |
| Capital goods producers | -3 | 5 | -6 | -7 | -5 | -9 | -3 | -1 | -7 | 10 | 11 | -10 | -3 | 31 | 31 | 24 | 10 | -1 | -61 | -3 | -13 | 5 | 18 | 22 | 30 | 34 | 28 | 28 | 26 | 18 | 18 | 21 | 17 | 23 | 19 | 15 | 27 | |
| Consumer and durable goods producers | -10 | 0 | -8 | -9 | 2 | -5 | 0 | -5 | -9 | 2 | -4 | -21 | -9 | 17 | 18 | 8 | 1 | -10 | -50 | 13 | 5 | 15 | 17 | 19 | 21 | 29 | 25 | 21 | 24 | 19 | 23 | 24 | 21 | 20 | 18 | 22 | 27 | |
| Chemical industry | -16 | 0 | -16 | -10 | -5 | -4 | 8 | -1 | -11 | 2 | -2 | -29 | -16 | 18 | 22 | 20 | 18 | 1 | -49 | 12 | 0 | 9 | 17 | 19 | 30 | 43 | 36 | 34 | 34 | 24 | 27 | 32 | 26 | 29 | 33 | 19 | 33 | |
| Pharmaceutical industry | 16 | 17 | -2 | 31 | 51 | 26 | 13 | 31 | 6 | 20 | 19 | -5 | 4 | 28 | 19 | 19 | 29 | 8 | -23 | 35 | 27 | 39 | 23 | 28 | 43 | 39 | 32 | 45 | 42 | 26 | 43 | 33 | 34 | 33 | 34 | 29 | 28 | |
| Basic metals | -19 | -4 | -16 | -19 | -29 | -28 | -19 | -21 | -27 | -19 | -21 | -44 | -27 | 10 | 14 | 19 | 14 | -15 | -76 | -21 | -35 | -26 | -7 | 5 | 8 | 26 | 10 | 16 | 5 | 1 | -1 | 8 | 0 | 19 | -1 | 6 | 9 | |
| Metal products | -20 | -11 | -18 | -19 | -19 | -28 | -15 | -16 | -27 | -6 | -8 | -41 | -19 | 15 | 15 | 12 | 9 | -5 | -60 | -12 | -23 | -12 | 4 | 10 | 20 | 30 | 23 | 16 | 18 | 11 | 13 | 16 | 10 | 18 | 17 | 6 | 23 | |
| Electrical engineering | 5 | 11 | 1 | -3 | 4 | -3 | 5 | 7 | -6 | 13 | 15 | -6 | 2 | 29 | 47 | 24 | 5 | 5 | -52 | 9 | -6 | 13 | 19 | 26 | 32 | 38 | 36 | 32 | 30 | 24 | 25 | 30 | 25 | 27 | 24 | 25 | 31 | |
| Mechanical engineering | -5 | 4 | -8 | -8 | -8 | -11 | -6 | -5 | -14 | 7 | 10 | -12 | -2 | 36 | 33 | 28 | 10 | -6 | -62 | -8 | -20 | 2 | 18 | 21 | 32 | 36 | 29 | 27 | 25 | 17 | 15 | 20 | 16 | 22 | 18 | 12 | 29 | |
| Automotive industry | 0 | -3 | -16 | -9 | -12 | -18 | -11 | -11 | -11 | 8 | 13 | -7 | -17 | 25 | 18 | 23 | 6 | 26 | -74 | -13 | -19 | 0 | 18 | 22 | 29 | 19 | 21 | 21 | 30 | 11 | 17 | 18 | 14 | 27 | 20 | 19 | 17 | |
| Investment intentions1 | ||||||||||||||||||||||||||||||||||||||
| All industries4 | -11 | -8 | -9 | -7 | -10 | -10 | -7 | -9 | -7 | 4 | 1 | -10 | 6 | 12 | 13 | 0 | -8 | -15 | -37 | 6 | 5 | 14 | 16 | 19 | 21 | 22 | 19 | 17 | 14 | 13 | 12 | 12 | 11 | 12 | 9 | 8 | 11 | |
| Manufacturing (excluding construction)10 | -15 | -13 | -16 | -12 | -17 | -17 | -10 | -11 | -12 | 7 | 3 | -10 | 9 | 23 | 21 | 13 | -1 | -17 | -41 | -1 | -4 | 10 | 16 | 22 | 26 | 27 | 24 | 21 | 14 | 12 | 13 | 12 | 11 | 13 | 11 | 9 | 13 | |
| Intermediate goods producers | -20 | -18 | -21 | -17 | -25 | -26 | -17 | -21 | -21 | 4 | -1 | -14 | 11 | 24 | 22 | 17 | 1 | -18 | -43 | -7 | -8 | 7 | 15 | 23 | 26 | 28 | 24 | 22 | 15 | 13 | 12 | 12 | 10 | 13 | 10 | 9 | 15 | |
| Capital goods producers | -12 | -14 | -17 | -15 | -22 | -20 | -11 | -10 | -8 | 11 | 8 | -5 | 7 | 24 | 21 | 9 | -7 | -28 | -50 | -4 | -10 | 8 | 17 | 22 | 28 | 28 | 25 | 20 | 15 | 9 | 11 | 9 | 10 | 12 | 12 | 8 | 12 | |
| Consumer and durable goods producers | -11 | -9 | -13 | -9 | -5 | -7 | -5 | -6 | -7 | 1 | -3 | -16 | 3 | 13 | 13 | 5 | -2 | -7 | -35 | 12 | 6 | 14 | 13 | 20 | 22 | 23 | 22 | 20 | 14 | 13 | 18 | 17 | 16 | 17 | 15 | 11 | 12 | |
| Chemical industry | -7 | -9 | -11 | 3 | -3 | -12 | -1 | -13 | -15 | 1 | -1 | -9 | 14 | 32 | 29 | 20 | 8 | -6 | -25 | 18 | 14 | 22 | 26 | 36 | 32 | 39 | 31 | 34 | 19 | 20 | 14 | 17 | 16 | 17 | 13 | 7 | 20 | |
| Pharmaceutical industry | 5 | 16 | 0 | 27 | 35 | 34 | 19 | 30 | 16 | 18 | -6 | -7 | 24 | 24 | 9 | 20 | 19 | 9 | 0 | 33 | 24 | 29 | 28 | 28 | 32 | 38 | 31 | 20 | 20 | 33 | 28 | 25 | 27 | 34 | 25 | 21 | 30 | |
| Basic metals | -19 | -19 | -23 | -21 | -30 | -30 | -17 | -20 | -18 | 14 | 7 | -6 | 15 | 26 | 26 | 11 | -10 | -26 | -57 | -21 | -12 | -1 | 12 | 16 | 23 | 24 | 18 | 20 | 8 | 5 | 4 | -1 | 2 | 20 | 11 | 10 | 11 | |
| Metal products | -26 | -21 | -26 | -24 | -31 | -32 | -21 | -20 | -20 | 1 | -4 | -17 | 7 | 23 | 24 | 16 | -1 | -27 | -48 | -16 | -17 | 4 | 11 | 20 | 26 | 26 | 22 | 21 | 15 | 11 | 11 | 9 | 7 | 12 | 10 | 8 | 10 | |
| Electrical engineering | -4 | -6 | -9 | -11 | -19 | -19 | -8 | -9 | -8 | 18 | 15 | -2 | 17 | 26 | 27 | 17 | 5 | -22 | -45 | -1 | -7 | 11 | 16 | 28 | 28 | 32 | 32 | 23 | 19 | 15 | 13 | 19 | 15 | 14 | 12 | 10 | 13 | |
| Mechanical engineering | -15 | -17 | -21 | -16 | -22 | -21 | -12 | -12 | -12 | 11 | 7 | -7 | 9 | 30 | 22 | 10 | -6 | -29 | -51 | -6 | -11 | 9 | 16 | 23 | 28 | 28 | 24 | 18 | 11 | 10 | 8 | 8 | 10 | 11 | 10 | 8 | 14 | |
| Automotive industry | -10 | -21 | -33 | -17 | -39 | -29 | -15 | -7 | -3 | 4 | 13 | 2 | -11 | 8 | 11 | 6 | -14 | -34 | -74 | -21 | -24 | -12 | 21 | 19 | 33 | 28 | 33 | 39 | 23 | 8 | 23 | 15 | 8 | 14 | 15 | 16 | 21 | |
| Construction3 | -19 | -15 | -19 | -14 | -24 | -23 | -25 | -27 | -28 | -14 | -17 | -28 | -9 | 5 | 3 | -3 | -9 | -9 | -26 | 6 | 5 | 17 | 14 | 16 | 18 | 15 | 11 | 14 | 9 | 5 | 8 | 4 | 0 | 3 | -1 | -1 | 4 | |
| Building construction | -17 | -20 | -25 | -17 | -29 | -31 | -33 | -32 | -37 | -24 | -23 | -32 | -9 | 11 | 5 | 1 | -4 | -8 | -24 | 5 | 8 | 19 | 13 | 17 | 17 | 16 | 12 | 15 | 11 | 4 | 8 | 5 | 0 | 7 | 2 | -2 | 5 | |
| Civil engineering | -16 | -9 | -11 | -2 | -13 | -20 | -18 | -18 | -18 | 1 | -16 | -30 | -26 | 1 | -9 | -14 | -21 | -12 | -19 | 3 | 0 | 7 | 10 | 17 | 18 | 17 | 11 | 13 | 5 | -2 | 2 | 0 | 1 | -3 | -8 | -6 | 1 | |
| Finishing trades | -21 | -16 | -17 | -13 | -20 | -14 | -15 | -20 | -18 | -6 | -9 | -19 | -3 | 1 | 6 | -2 | -10 | -9 | -30 | 6 | 3 | 18 | 15 | 14 | 19 | 13 | 11 | 12 | 8 | 8 | 10 | 2 | 0 | 3 | -1 | 3 | 5 | |
| Trade2 | -22 | -16 | -16 | -17 | -18 | -17 | -14 | -18 | -14 | -3 | -5 | -20 | 0 | 7 | 10 | -7 | -13 | -14 | -40 | 5 | 4 | 10 | 11 | 14 | 16 | 17 | 14 | 13 | 10 | 10 | 9 | 10 | 9 | 7 | 4 | 5 | 8 | |
| Retail trade | -23 | -15 | -14 | -16 | -15 | -17 | -17 | -18 | -17 | -6 | -8 | -21 | -2 | 2 | 5 | -14 | -17 | -12 | -38 | 7 | 4 | 6 | 6 | 8 | 9 | 10 | 11 | 7 | 5 | 6 | 8 | 7 | 9 | 4 | 1 | 5 | 4 | |
| Wholesale trade | -22 | -19 | -18 | -22 | -24 | -20 | -14 | -19 | -15 | -3 | -4 | -18 | 3 | 12 | 16 | 1 | -8 | -14 | -40 | 3 | 4 | 12 | 15 | 17 | 20 | 22 | 16 | 17 | 13 | 12 | 9 | 11 | 8 | 8 | 5 | 4 | 12 | |
| Services (excluding trade)6 | -6 | -2 | -2 | 0 | -2 | -3 | -1 | -4 | -1 | 7 | 4 | -6 | 7 | 9 | 12 | -4 | -11 | -15 | -35 | 10 | 10 | 16 | 17 | 20 | 21 | 21 | 19 | 16 | 16 | 14 | 13 | 13 | 13 | 14 | 11 | 10 | 11 | |
| Transport and warehousing | -13 | -8 | -7 | -4 | -8 | -10 | -10 | -15 | -10 | 3 | 2 | -7 | 3 | 12 | 13 | -5 | -15 | -22 | -47 | 2 | 0 | 10 | 14 | 17 | 16 | 18 | 16 | 9 | 10 | 7 | 9 | 8 | 8 | 5 | 1 | 3 | 4 | |
| Hospitality | -16 | -5 | -13 | -18 | -15 | -15 | -15 | -18 | -9 | -3 | -5 | -9 | 0 | -11 | 7 | -23 | -36 | -29 | -60 | 13 | 17 | 17 | 18 | 22 | 23 | 22 | 26 | 18 | 27 | 25 | 18 | 21 | 23 | 18 | 19 | 17 | 16 | |
| Financial and insurance services2 | 16 | 18 | 20 | 26 | 23 | 21 | 24 | 22 | 17 | 18 | 15 | 0 | 17 | 17 | 14 | 8 | 4 | -1 | -17 | 15 | 5 | 17 | 20 | 16 | 20 | 15 | 11 | 7 | 4 | 3 | 8 | 6 | 2 | 10 | 8 | 7 | 9 | |
| Banking | 28 | 30 | 32 | 35 | 32 | 26 | 31 | 32 | 26 | 23 | 20 | 1 | 18 | 17 | 14 | 10 | 9 | -1 | -13 | 13 | -2 | 16 | 18 | 12 | 18 | 12 | 10 | 2 | -1 | -2 | 7 | 5 | 0 | 10 | 6 | 7 | 11 | |
| Insurance | 18 | 43 | 39 | 34 | 36 | 30 | 39 | 30 | 27 | 38 | 20 | 16 | 16 | 24 | 22 | 16 | 8 | 6 | -5 | 24 | 18 | 21 | 30 | 25 | 21 | 23 | 22 | 16 | 19 | 19 | 12 | 19 | 18 | 18 | 19 | 19 | 7 | |
| Real estate | 3 | 2 | 3 | 2 | 2 | 1 | 0 | -4 | -6 | 3 | -4 | -9 | 13 | 22 | 16 | 13 | 5 | 7 | -17 | 19 | 16 | 26 | 25 | 26 | 31 | 29 | 25 | 28 | 27 | 25 | 28 | 22 | 20 | 27 | 20 | 15 | 18 | |
| Health and social services | 18 | 12 | 21 | 23 | 29 | 22 | 17 | 10 | 20 | 13 | 10 | 6 | 25 | 25 | 28 | 16 | 9 | 7 | -4 | 19 | 29 | 35 | 26 | 31 | 29 | 34 | 33 | 21 | 25 | 33 | 31 | 28 | 30 | 36 | 23 | 25 | 25 | |
| Information economy | -7 | -10 | -5 | 6 | -2 | -2 | 4 | 4 | 1 | 11 | 8 | -4 | 14 | 18 | 19 | 5 | 1 | -7 | -27 | 17 | 17 | 20 | 23 | 25 | 23 | 25 | 22 | 21 | 22 | 20 | 20 | 14 | 18 | 18 | 18 | 14 | 14 |
Latest reading
The series on this page is monthly and runs from Sep 2003 to May 2026. Source: German Chamber of Commerce and Industry (DIHK).
About this data
Germany DIHK business survey of the current economic situation, expectations, and business risks. Conducted by the German Chamber of Commerce and Industry, the survey tracks employment, export and investment intentions. It breaks down data across manufacturing, construction, trade and services, detailing risks like labour costs and energy prices. Available monthly as balances and percentages since 2003.
Frequently asked questions
- What is the latest figure for Germany DIHK business survey?
- All industries stood at −3 in May 2026. That is −3 from a year earlier.
- Is Germany DIHK business survey at a high or a low right now?
- The reading of −3 is the lowest since Jan 2021.
- How far back does the Germany DIHK business survey data go?
- The series on this page is monthly and runs from Sep 2003 to May 2026. Source: German Chamber of Commerce and Industry (DIHK). Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What is the Germany DIHK business survey?
- The Germany DIHK business survey is conducted by the German Chamber of Commerce and Industry to assess the current business situation and future expectations. It measures corporate investment, employment and export intentions as balances and percentages.
- Which industries are covered by the DIHK business survey?
- The survey covers all major economic sectors, including manufacturing, construction, trade, hospitality and financial services. It further breaks down manufacturing into specific branches like mechanical engineering, automotive and chemical industries.
- What business risks does the DIHK survey track?
- The survey asks firms to identify key business risks, including labour costs, domestic and foreign demand, energy and raw material prices, skilled-worker shortages, and the overall economic policy framework.
- When did the DIHK business survey start?
- The time series for the Germany DIHK business survey are available since 2003. The data is published monthly by the German Chamber of Commerce and Industry.