Euro Area Zew Economic Sentiment Index

Last Release

Mar 31, 2023

Actual

Units In

N/A

29.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
89.9 Jan 2000	-63.7 Jul 2008	22.04	1999-2023	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 slipped by 19.7 points to 10 in March 2023, from a one-year high of 29.7 in the prior month and below market forecasts of 16. This was the first drop in sentiment after five consecutive months of increases, amid heightened uncertainty about the economic outlook caused by the recent turmoil in the financial system. In March, 46.6 percent of the surveyed analysts expected no changes in economic activity, 31.7 percent expected improvement and 21.7 percent predicted a deterioration. At the same time, the indicator of the current economic situation fell by 3 points to -44.6 and inflation expectations went up by 3.1 points to -80.3.