The ZEW Indicator of Economic Sentiment for Germany dropped another 4.2 points from the previous month to 22.3 in October 2021, the lowest level since March 2020 when the COVID-19 pandemic hit Europe's largest economy, sending investor morale sharply lower. The reading came in also below market expectations of 24.0 and moved further away from an over 21-year high of 84.4 hit in May, suggesting the outlook for the economic development in the next six months deteriorated sharply due to the persisting supply bottlenecks for raw materials and intermediate products. Investors now expect profits to go down, especially in export-oriented sectors such as vehicle manufacturing and chemicals/pharmaceuticals. The assessment of the economic situation in Germany also declined more than expected in October, falling by 10.3 points to 21.6. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Germany averaged 22.97 from 1991 until 2021, 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 2021.
Zew Economic Sentiment Index in Germany is expected to be 5.00 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 9.00 in 2022 and 7.00 in 2023, according to our econometric models.