German business leaders grow more optimistic about the economy

A Civey survey of around 5,000 senior executives found that fewer now view Germany’s economic situation negatively, while more expect growth over the next 12 months. Confidence in the government’s ability to deliver reforms remains limited.

4 Nov 2026

German executives are becoming more optimistic about the country’s economic outlook, although most still rate the overall situation negatively and see significant hurdles for businesses. The share of leaders with a negative view of the economy fell from 77% in June to 68% in October, according to a Civey survey commissioned by Handelsblatt.

The outlook for economic growth improved more sharply. Asked whether Germany’s economy would grow or shrink over the next 12 months, 30% of executives expected growth in October, almost twice the 16% recorded in June.

Civey surveyed around 5,000 C-level executives between early June and late October about the German economy, their companies and federal politics. The results also indicate that nearly one-third now believe the federal government can implement reforms, though confidence in the government remains limited.

Sources: Handelsblatt.