Zew Economic Sentiment Index in Germany decreased to 56.10 in October from 77.40 in September of 2020. source: Centre for European Economic Research (ZEW)

Zew Economic Sentiment Index in Germany averaged 21.78 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 October of 2020.

Zew Economic Sentiment Index in Germany 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 Germany to stand at 11.00 in 12 months time. In the long-term, the Germany Zew Economic Sentiment Index is projected to trend around 5.00 in 2021 and 9.00 in 2022, according to our econometric models.

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Germany Zew Economic Sentiment Index

Actual Previous Highest Lowest Dates Unit Frequency
56.10 77.40 89.60 -63.90 1991 - 2020 Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-14 09:00 AM Jul 59.3 63.4 60 61
2020-08-11 09:00 AM Aug 71.5 59.3 58 62
2020-09-15 09:00 AM Sep 77.4 71.5 69.8 69
2020-10-13 09:00 AM Oct 56.1 77.4 73 70
2020-11-10 10:00 AM Nov 56.1 29
2020-12-08 10:00 AM Dec 2


News Stream
German Investor Morale Deteriorates in October
The ZEW Indicator of Economic Sentiment for Germany dropped by 21.3 points from the previous month to 56.1 in October 2020, from the previous month's over 20-year high and well below market expectations of 73. Investors voiced concerns about the recent sharp rise in the number of COVID-19 cases and the prospect of the UK leaving the EU without a trade deal. The current situation in the run-up to the presidential election in the US further fuels uncertainty. By contrast, the assessment of the economic situation in Germany improved again, and currently stands at -59.5 points, 6.7 points higher than in September.
2020-10-13
German Investor Morale Strongest for Over 20 Years
The ZEW Indicator of Economic Sentiment for Germany rose by 5.9 points from the previous month to 77.4 in September 2020, the highest since May 2000 and well above market expectations of 69.8, signalling expectations of a noticeable recovery of Europe's largest economy. Stalled Brexit talks and rising COVID-19 cases could not dampen the positive mood, but the negative outlook for the banking sector revealed fears of a rising number of loan defaults in the coming six months. The assessment of the economic situation in Germany also improved, with the corresponding indicator increasing by 15.1 points to -66.2.
2020-09-15
German Investor Morale Hits 16-Year High
The ZEW Indicator of Economic Sentiment for Germany jumped by another 12.2 points from the previous month to 71.5 in August 2020, the highest since January 2004 and well above market expectations of 58.0. Hopes for a speedy economic recovery continued to grow after the EU reached in July an agreement on a massive stimulus package. “According to the assessments of the individual sectors, experts expect to see a general recovery, especially in the domestic sectors. However, the still very poor earnings expectations for the banking sector and insurers regarding the coming six months give cause for concern,” ZEW President Professor Achim Wambach said. The assessment of the economic situation in Germany, however, has slightly worsened, with the corresponding indicator decreasing 0.4 points to -81.3.
2020-08-11
German Investor Morale Remains Strong in July
The ZEW Indicator of Economic Sentiment for Germany fell by 4.1 points to 59.3 in July 2020 defying the expectations of further improvement. Still, the reading was only slightly off from 14-year high of 63.4 reported in June as investors expect that there will be a gradual increase in GDP in the second half of the year and in early 2021 as the economy recovers from the coronavirus crisis. 69.5 percent of the surveyed analysts predicted an improvement in economic activity over the next six months, while 10.2 percent expected it to deteriorate and 20.3 percent saw no changes. Meanwhile, the assessment of the current economic situation improved only slightly, with the corresponding indicator increasing 2.2 points to -80.9.
2020-07-14

Germany Zew Economic Sentiment Index
In Germany, 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.