The ZEW Indicator of Economic Sentiment for the Euro Area declined by 15.2 points from the previous month to 10.4 in February 2020, well below market expectations of 30. In February, 53.4 percent of the surveyed analysts expected no changes in economic activity and 28.5 percent predicted an improvement in economic conditions while 18.1 percent expected it to deteriorated. Meantime, the indicator of the current economic situation went down by 0.4 points to -10.3 and inflation expectations slumped by 13.7 points to 4.7.
Zew Economic Sentiment Index in the Euro Area averaged 22.16 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. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Euro Area is expected to be 15.00 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 -4.00 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around -6.00 in 2021, according to our econometric models.