“Financial market experts are disappointed in the announced trade agreement between the EU and the USA. In August 2025, the ZEW indicator will record a significant decrease, also due to the poor condition of the German economy in the second quarter of 2025. Perspectives worsened especially in the chemical and pharmaceutical industry. Seriously affected ” – comments the results of the research president, prof. dr hab. Achim Wambach.
After a few consecutive months of growth started in May, the ZAW economic mood indicator in Germany clearly fell in August. Amounted to +34.7 points, which is an indication 18 points lower than in the previous month.
The assessment of the current economic situation also deteriorated. The economic indicator for Germany lasts at the level of minus 68.6 points and is thus by minus 9.1 points lower than the reading from the previous month. Long -term bottom – the lowest level since May 2003 – this indicator reached in December last year, when it was loud about the topic of American customs planned by President Donald Trump, and the German economy, especially automotive, depends on the American client.
Index of the current conditions of the call
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“Although preliminary growth estimates for the euro area in the second quarter of 2025 were better than for Germany, these expectations were also revised down for the currency union and are currently plus 25.1 points – minus 11 points below the reading of the previous month. It stabilized at the level minus 31.2 points ” – we read in the statement of the external
Poland saves German exports together with France
There is no word about Poland in the communiqué, but we are the fourth largest most important recipient of German exports. According to Destatis data, exports to Poland in June amounted to EUR 8.3 billion and was 8.1 percent. higher year to year. This value puts us in fourth place among countries bringing goods from Germany.
We import more than Great Britain, Italy and China and looking at growth dynamics, it may be a matter of months when we advance to the third place, ahead of the Netherlands. Americans are still importing the most from Germany. In June they imported goods for EUR 11.8 billion, but the effect of Donald Trump's customs policy is already visible, because it means a decrease of 8.4 percent. rdr. France (EUR 10.3 billion) came second and here there was an even higher than Polish, because as much as 11.7 percent. rdr.
