The ZEW Indicator of Economic Sentiment for Germany climbed 22.8 points from the previous month to 51.0 in May 2020, the highest reading since April 2015 and well above market expectations of 32.0. Investors grew optimistic about a possible economic turnaround from summer onwards and saw activity growth to pick up pace again in the fourth quarter of 2020, although the catching-up process will take a long time. Meanwhile, the assessment of the current economic situation continued to worsen, with the corresponding indicator dropping 2.0 points to -93.5.
Zew Economic Sentiment Index in Germany averaged 21.14 from 1991 until 2020, reaching an all time high of 89.60 in January of 2000 and a record low of -63.90 in July of 2008. This page provides the latest reported value for - Germany Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Zew Economic Sentiment Index - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Germany is expected to be -30.00 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 Germany to stand at -12.00 in 12 months time. In the long-term, the Germany Zew Economic Sentiment Index is projected to trend around -17.00 in 2021 and -8.00 in 2022, according to our econometric models.