Euro Area Zew Economic Sentiment Index

Last Release

Jul 31, 2025

Actual

36.1

Units In

N/A

35.3

Frequency

Monthly

Next Release

Aug 12, 2025

Time to Release

27 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
89.9 Jan 2000	-63.7 Jul 2008	21.64	1999-2025	Centre for European Economic Research (ZEW)

In the Euro Area, 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.

Latest Updates

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 0.8 points from the prior month to 36.1 in July 2025, the highest reading in four months, though missing market estimates of 37.8. In July, about 48.1% of the surveyed analysts expected no changes in economic activity, 44% predicted improvement and 7.9% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 6.5 points to -24.2 and inflation expectations rose by 8.9 points to -5.8.