SAFE Manager Sentiment Index remains virtually unchanged in July

SAFE Manager Sentiment Index falls into negative territory for the first time since November 2025

The SAFE Manager Sentiment Index points to growing concerns about firms’ future profitability

SAFE Index reflects negative impact of renewed geopolitical uncertainty among executives

Strong 2025 results and a good start to 2026 drive more optimistic language in earnings calls, despite a challenging environment

Executives report good profits and efficiency gains, even as the weak US dollar causes headwinds

Language used in earnings calls points to more optimistic outlook for the new year

Strong third quarter results fuel optimism among top executives of listed companies in Germany

Companies in Germany expect economic impact from fiscal standoff / SAFE Manager Sentiment Index remains neutral overall

Listed companies in Germany navigate demanding environment but some react positively to the economic stimulus package