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 Jan 2021
Jan 2021
61.8
47.7
55.0
08 Dec 2020
Dec 2020
55.0
47.9
39.0
10 Nov 2020
Nov 2020
39.0
67.7
56.1
13 Oct 2020
Oct 2020
56.1
76.6
77.4
15 Sept 2020
Sep 2020
77.4
67.1
71.5
11 Aug 2020
Aug 2020
71.5
62.4
59.3
14 Jul 2020
Jul 2020
59.3
30.9
63.4
16 Jun 2020
Jun 2020
63.4
40.2
51.0
19 May 2020
May 2020
51.0
-10.6
28.2
21 Apr 2020
Apr 2020
28.2
-20.8
-49.5
17 Mar 2020
Mar 2020
-49.5
17.7
8.7
18 Feb 2020
Feb 2020
8.7
18.8
26.7
21 Jan 2020
Jan 2020
26.7
4.3
10.7
10 Dec 2019
Dec 2019
10.7
-12.4
-2.1
12 Nov 2019
Nov 2019
-2.1
-22.7
-22.8
15 Oct 2019
Oct 2019
-22.8
-33.4
-22.5
17 Sept 2019
Sep 2019
-22.5
-34.7
-44.1
13 Aug 2019
Aug 2019
-44.1
-22.9
-24.5
16 Jul 2019
Jul 2019
-24.5
-11.6
-21.1
18 Jun 2019
Jun 2019
-21.1
0.5
-2.1