Your contact
Volker Leinweber
Economics and Foreign Trade
+49 (0) 89-551 78-133 +49 (0) 173-573 89 25 Send an e-mail
statistics | 12/25
Economic-Outlook – Leading Indicators at a Glance 12/2025
Germany
The leading indicators for the German economy have recently deteriorated again. Due to more pessimistic expectations, the ifo business climate index fell again. The purchasing managers' indices – for both manufacturing industry and services – also declined, but the latter is still above the growth threshold of 50 points. The Economic Sentiment Index also fell slightly. The ZEW Economic Expectations Index also declined slightly. In the case of the sentix economic index, both the assessment of the current situation and the expectations deteriorated, both are in negative territory. Only the truck mileage according to toll statistics has been increased slightly.
Eurozone
The leading indicators for the eurozone have recently developed inconsistently, but remain weak in general. The purchasing managers' index for manufacturing industry fell slightly and again just below the growth threshold of 50 points. The service performance index, on the other hand, improved minimally to 53.1 points. The sentix economic index deteriorated, this applies both to the assessment of the current situation and to expectations. The Economic Sentiment indicator remained almost unchanged. In contrast, the OECD leading indicator continued its upward trend. The ZEW Economic Expectations Index also improved slightly.
Global Economy
The leading indicators for the global economy have also developed inconsistently recently. The Bundesbank's leading indicator for the global economy continued its upward trend, as did the OECD leading indicator for the G20 countries. In contrast, the purchasing managers' indices for manufacturing industry and services fell again, but both remain above the growth threshold of 50 points. The same applies to the sentix economic index. Here, both the current assessment of the situation and expectations fell, but on balance they remain positive. The RWI Container Throughput Index rose slightly, while the Baltic Dry Index is pointing more clearly upwards.
