The ZEW Indicator of Economic Sentiment for the Euro Area climbed 21.6 points to 54.4 in December 2020, the highest since September amid Covid-19 vaccine optimism. In December, 66.5 percent of the surveyed analysts predicted an improvement in economic activity, while 12.1 percent expected it to get worse and 21.4 percent expected no changes. Meantime, the indicator of the current economic situation edged up by 0.7 points to -75.7 while inflation expectations rose by 18.1 points to 40.7. source: Centre for European Economic Research (ZEW)

Zew Economic Sentiment Index in the Euro Area averaged 22.90 from 1999 until 2020, reaching an all time high of 89.90 in January of 2000 and a record low of -63.70 in July of 2008. This page provides the latest reported value for - Euro Area Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Zew Economic Sentiment Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Zew Economic Sentiment Index in Euro Area is expected to be 32.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Zew Economic Sentiment Index in Euro Area to stand at 14.00 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around 4.00 in 2021 and 6.00 in 2022, according to our econometric models.

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Euro Area Zew Economic Sentiment Index

Actual Previous Highest Lowest Dates Unit Frequency
54.40 32.80 89.90 -63.70 1999 - 2020 Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-15 09:00 AM Sep 73.9 64.0 51.5
2020-10-13 09:00 AM Oct 52.3 73.9 60
2020-11-10 10:00 AM Nov 32.8 52.3 36
2020-12-08 10:00 AM Dec 54.4 32.8 32
2021-01-19 10:00 AM Jan 54.4 57
2021-02-16 10:00 AM Feb
2021-03-16 10:00 AM Mar
2021-04-13 09:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Eurozone Investor Morale Improves
The ZEW Indicator of Economic Sentiment for the Euro Area climbed 21.6 points to 54.4 in December 2020, the highest in three months amid Covid-19 vaccine optimism. In December, 66.5 percent of the surveyed analysts predicted an improvement in economic activity, while 12.1 percent expected it to get worse and 21.4 percent expected no changes. Meantime, the indicator of the current economic situation edged up by 0.7 points to -75.7 while inflation expectations rose by 18.1 points to 40.7.
2020-12-08
Eurozone Investor Morale Plunges to 7-Month Low
The ZEW Indicator of Economic Sentiment for the Euro Area fell by 19.5 points to 32.8 in November of 2020, the lowest since April. In November, 17.2 percent of the surveyed analysts expected a deterioration in economic activity, 32.8 percent expected no changes while 50 percent predicted an improvement. Meantime, the indicator of the current economic situation went up by 0.2 points to -76.4 while inflation expectations fell by 4.7 points to 22.6.
2020-11-10
Eurozone Investor Morale Slips to 5-Month Low
The ZEW Indicator of Economic Sentiment for the Euro Area dropped by 21.6 points from the prior month to 52.3 in October of 2020, the lowest since May. In October, 63.5 percent of the surveyed analysts expected a deterioration in economic activity, 25.3 percent expected no changes while 11.2 percent predicted an improvement. Meantime, the indicator of the current economic situation went up by 4.3 points to -76.6 while inflation expectations fell by 3.7 points to 27.3.
2020-10-13
Eurozone Investor Morale at Over 16-Year High
The ZEW Indicator of Economic Sentiment for the Euro Area increased by 9.9 points from the prior month to 73.9 in September of 2020, the highest reading since February of 2004. In September, 77.9 percent of the surveyed analysts predicted an improvement in economic activity, while 4 percent expected it to get worse and 18.1 percent expected no changes. Meantime, the indicator of the current economic situation went up by 8.9 points to -80.9 and inflation expectations rose by 16.7 points to 31.
2020-09-15

Euro Area Zew Economic Sentiment Index
In the Euro Area, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.