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
20 Jan 2026
Jan 2026
59.6
15.9
45.8
16 Dec 2025
Dec 2025
45.8
—
—
11 Nov 2025
Nov 2025
N/D
15.4
39.3
14 Oct 2025
Oct 2025
39.3
17.6
37.3
16 Sept 2025
Sep 2025
37.3
17.2
34.7
12 Aug 2025
Aug 2025
34.7
17.2
52.7
15 Jul 2025
Jul 2025
52.7
23.0
47.5
17 Jun 2025
Jun 2025
47.5
22.5
25.2
13 May 2025
May 2025
25.2
3.7
-14.0
15 Apr 2025
Apr 2025
-14.0
43.2
51.6
18 Mar 2025
Mar 2025
51.6
17.5
26.0
18 Feb 2025
Feb 2025
26.0
10.7
10.3
21 Jan 2025
Jan 2025
10.3
9.4
15.7
17 Dec 2024
Dec 2024
15.7
-16.5
7.4
12 Nov 2024
Nov 2024
7.4
29.7
13.1
15 Oct 2024
Oct 2024
13.1
5.8
3.6
17 Sept 2024
Sep 2024
3.6
12.5
19.2
13 Aug 2024
Aug 2024
19.2
32.1
41.8
16 Jul 2024
Jul 2024
41.8
43.8
47.5
18 Jun 2024
Jun 2024
47.5
49.2
47.1