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.

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Euro Area Zew Economic Sentiment Index

Actual Previous Highest Lowest Dates Unit Frequency
74.00 69.60 89.90 -63.70 1999 - 2021 Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-08 10:00 AM Dec 54.4 32.8 32
2021-01-19 10:00 AM Jan 58.3 54.4 57
2021-02-16 10:00 AM Feb 69.6 58.3 57 57.6
2021-03-16 10:00 AM Mar 74 69.6 74.5
2021-04-13 09:00 AM Apr 74 77
2021-05-11 09:00 AM May
2021-06-08 09:00 AM Jun
2021-07-06 09:00 AM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Eurozone Investor Morale at 17-Year High
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.
2021-03-16
Eurozone Investor Morale at 5-Month High
The ZEW Indicator of Economic Sentiment for the Euro Area rose by 11.3 points to 69.6 in February of 2021, the highest in five months amid optimism over coronavirus vaccine rollout. In February, 76.9 percent of the surveyed analysts predicted an improvement in economic activity, while 7.3 percent expected it to get worse and 15.8 percent expected no changes. In addition, the indicator for the current economic situation in the Eurozone increased by 4.3 points to -74.6.
2021-02-16
Eurozone Investor Morale Improves in January
The ZEW Indicator of Economic Sentiment for the Euro Area rose by 3.9 points from the previous month to 58.3 in January 2021, with about 69 percent of the surveyed analysts predicting an improvement in economic activity over the coming months, while 11 percent of them expected it to get worse and 20 percent expected no changes. In contrast, the indicator for the current economic situation in the Eurozone dropped by 3.2 points to -78.9.
2021-01-19
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

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.