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.
Zew Economic Sentiment Index in the Euro Area averaged 22.74 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 October of 2020. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Euro Area is expected to be 2.00 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.