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
14 May 2019
May 2019
-2.1
-0.2
3.1
16 Apr 2019
Apr 2019
3.1
-8.5
-3.6
19 Mar 2019
Mar 2019
-3.6
-14.2
-13.4
19 Feb 2019
Feb 2019
-13.4
-16.3
-15.0
22 Jan 2019
Jan 2019
-15.0
-20.8
-17.5
11 Dec 2018
Dec 2018
-17.5
-24.5
-24.1
13 Nov 2018
Nov 2018
-24.1
-24.5
-24.7
16 Oct 2018
Oct 2018
-24.7
—
-10.6
11 Sept 2018
Sep 2018
-10.6
—
-13.7
14 Aug 2018
Aug 2018
-13.7
—
-24.7
10 Jul 2018
Jul 2018
-24.7
—
-16.1
12 Jun 2018
Jun 2018
-16.1
—
-8.2
15 May 2018
May 2018
-8.2
—
-8.2
17 Apr 2018
Apr 2018
-8.2
—
5.1
20 Mar 2018
Mar 2018
5.1
—
17.8
20 Feb 2018
Feb 2018
17.8
—
20.4
23 Jan 2018
Jan 2018
20.4
—
17.4
12 Dec 2017
Dec 2017
17.4
—
18.7
14 Nov 2017
Nov 2017
18.7
—
17.6
17 Oct 2017
Oct 2017
17.6
—
17.0