Euro Area Zew Economic Sentiment Index

Last Release

Jul 31, 2024

Actual

43.7

Units In

N/A

51.3

Frequency

Monthly

Next Release

Aug 13, 2024

Time to Release

26 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
89.9 Jan 2000	-63.7 Jul 2008	21.76	1999-2024	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 sank by 7.6 points to 43.7 in July of 2024, retreating sharply from the three-year high in the previous month and firmly below market expectations of 48.1. Despite marking the tenth consecutive improvement in the morale gauge, the softening of optimism was in line with recent concerns that growth in the Eurozone’s economy may refrain from gaining significant traction following its slowdown in 2022 and 2023, despite expectations of lower short-term interest rates (-3.9 to -80.9). Still, the gauge measuring sentiment around current conditions edged higher by 2.5 points to -36.1.