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.