COMPUSD (COMPUSD) 加自选

2025年11月，欧元区ZEW经济情绪指标较上月上升2.3点，至25点，高于市场预期的23.5点。11月，约62%的受访分析师预计经济活动不会发生变化，31.5%的人预计经济活动会改善，6.5%的人预计会恶化。与此同时，当前经济形势指标上升4.5点至-27.3，通胀预期下降4.4点至-2.7。

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 2.3 points from the prior month to 25 in November 2025, above market estimates of 23.5. In November, about 62% of the surveyed analysts expected no changes in economic activity, 31.5% predicted improvement and 6.5% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 4.5 points to -27.3 and inflation expectations went down by 4.4 points to -2.7.

2025年11月，德国ZEW经济景气指数降至38.5，低于10月份的三个月高点39.3，也低于市场预期的40，反映出人们对政府实施有效经济政策的能力的信心减弱。ZEW总裁Achim Wambach教授表示：“投资计划应该提供经济刺激，但结构性问题依然存在。”。化工和金属行业的前景尤其疲软，而银行和保险业也较上月有所下降。相比之下，私人消费有了显著改善，增长了13.3个百分点，电气工程、服务、电信和IT行业略有增长。与此同时，11月当前经济状况指数上涨1.3点，至-78.7。

Germany’s ZEW Indicator of Economic Sentiment slipped to 38.5 in November 2025, down from October’s three-month high of 39.3 and below market expectations of 40, reflecting waning confidence in the government’s ability to implement effective economic policies. “The investment program should provide an economic stimulus, but structural problems persist,” said ZEW President Prof. Achim Wambach. The outlook is particularly weak for the chemical and metal industries, while the banking and insurance sectors also registered declines compared with last month. In contrast, private consumption saw a notable improvement, rising 13.3 points, and the electrical engineering, service, telecommunications, and IT sectors posted modest gains. Meanwhile, the current economic conditions index rose 1.3 points to -78.7 in November.

就业数据公布后，英镑连续四天上涨。周二公布的数据显示，英国失业率上升，而年工资增长略有放缓，这提振了人们对英格兰银行下个月降息的预期，英镑结束了连续四天的上涨。

Sterling snaps four-day rising streak after jobs data.Sterling snapped a four-day rising streak as data on Tuesday showed British unemployment rose, while annual wage growth slowed slightly, bolstering expectations for a Bank of England interest rate cut next month.

德国ZEW降至38.5，但欧元区有所改善。11月，投资者对德国的信心略有减弱，表明尽管有迹象表明该地区整体有所改善，但对欧洲最大经济体仍持谨慎态度。德国ZEW经济景气指数从39.3降至38.5，低于预期的42.5。

German ZEW falls to 38.5, but Eurozone improves.Investor confidence in Germany softened slightly in November, signaling continued caution about Europe's largest economy despite signs of broader regional improvement. German ZEW Economic Sentiment Index slipped to 38.5 from 39.3, missing expectations of 42.5.