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
13 May 2014
May 2014
33.1
—
43.2
15 Apr 2014
Apr 2014
43.2
—
46.6
18 Mar 2014
Mar 2014
46.6
—
55.7
18 Feb 2014
Feb 2014
55.7
—
61.7
21 Jan 2014
Jan 2014
61.7
—
62.0
17 Dec 2013
Dec 2013
62.0
—
54.6
19 Nov 2013
Nov 2013
54.6
—
52.8
15 Oct 2013
Oct 2013
52.8
—
49.6
17 Sept 2013
Sep 2013
49.6
—
42.0
13 Aug 2013
Aug 2013
42.0
—
36.3
16 Jul 2013
Jul 2013
36.3
—
38.5
18 Jun 2013
Jun 2013
38.5
—
36.4
14 May 2013
May 2013
36.4
—
36.3
16 Apr 2013
Apr 2013
36.3
—
48.5
19 Mar 2013
Mar 2013
48.5
—
48.2
19 Feb 2013
Feb 2013
48.2
—
31.5
22 Jan 2013
Jan 2013
31.5
—
6.9
11 Dec 2012
Dec 2012
6.9
—
-15.7
13 Nov 2012
Nov 2012
-15.7
—
-11.5
16 Oct 2012
Oct 2012
-11.5
—
-18.2