The ZEW Indicator of Economic Sentiment for the Euro Area rose by 4.4 points to 74 in March of 2021, the highest reading since February of 2004. In March, 79.4 percent of the surveyed analysts predicted an improvement in economic activity, while 5.4 percent expected it to get worse and 15.2 percent expected no changes. In addition, the indicator for the current economic situation in the Eurozone increased by 4.8 points to -69.8 while inflation expectations rose by 8.8 points to 80.6. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in the Euro Area averaged 23.40 from 1999 until 2021, 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 April of 2021.
Zew Economic Sentiment Index in Euro Area is expected to be 74.50 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 10.00 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around 15.00 in 2022 and 9.00 in 2023, according to our econometric models.