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Germany DIHK business survey

Germany DIHK business survey of the current economic situation, expectations, and business risks.

Source: German Chamber of Commerce and Industry (DIHK)Last updated: Curated by Bui Thanh Phuc

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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

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.