The ZEW Indicator of Economic Sentiment for Germany declined to -10.7 in May 2023, its lowest level in five months and significantly worse than market expectations of -5.3. The current conditions index also decreased to -34.8 from April's -32.5, although less than forecasts of -37. These declines can be attributed, in part, to expectations of future interest rate hikes by the European Central Bank, while concerns over a potential default by the United States have also heightened uncertainty regarding international economic development. Consequently, financial market experts predict a further deterioration in the already unfavorable economic situation over the next six months. ZEW additionally highlighted the possibility of the German economy entering a mild recession. source: Centre for European Economic Research (ZEW)
ZEW Economic Sentiment Index in Germany averaged 21.25 points from 1991 until 2023, reaching an all time high of 89.60 points in January of 2000 and a record low of -63.90 points 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 2023.
ZEW Economic Sentiment Index in Germany is expected to be -12.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany ZEW Economic Sentiment Index is projected to trend around 21.50 points in 2024 and 7.00 points in 2025, according to our econometric models.