ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors. Index growth may have a positive impact on euro quotes.
ZEW Germany Economic Sentiment Indicator
Last release
20 Jan 2026 10:05 GMT
Actual
59.6
Forecast
15.9
Previous
45.8
Date (GMT)
Reference
Actual
Forecast
Previous
19 May 2009
May 2009
31.1
—
13.0
21 Apr 2009
Apr 2009
13.0
—
-3.5
17 Mar 2009
Mar 2009
-3.5
—
-5.8
17 Feb 2009
Feb 2009
-5.8
—
-31.0
20 Jan 2009
Jan 2009
-31.0
—
-45.2
09 Dec 2008
Dec 2008
-45.2
—
-53.0
11 Nov 2008
Nov 2008
-53.0
—
-63.0
14 Oct 2008
Oct 2008
-63.0
—
-41.0
16 Sept 2008
Sep 2008
-41.0
—
-55.5
19 Aug 2008
Aug 2008
-55.5
—
-63.9
15 Jul 2008
Jul 2008
-63.9
—
-52.4
17 Jun 2008
Jun 2008
-52.4
—
-41.4
20 May 2008
May 2008
-41.4
—
-40.7
15 Apr 2008
Apr 2008
-40.7
—
-32.0
11 Mar 2008
Mar 2008
-32.0
—
-39.5
12 Feb 2008
Feb 2008
-39.5
—
-41.6
15 Jan 2008
Jan 2008
-41.6
—
-37.2
11 Dec 2007
Dec 2007
-37.2
—
-32.5
13 Nov 2007
Nov 2007
-32.5
—
-18.1
16 Oct 2007
Oct 2007
-18.1
—
-18.1