Euro Area Zew Economic Sentiment Index

Last Release

Mar 31, 2024

Actual

33.5

Units In

N/A

Frequency

Monthly

Next Release

Apr 16, 2024

Time to Release

27 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
89.9 Jan 2000	-63.7 Jul 2008	21.43	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 increased by 8.5 points to 33.5 in March 2024, the highest since February 2022. In March, 57.9 percent of the surveyed analysts expected no changes in economic activity, 37.8 percent expected improvement and 4.3 percent predicted a deterioration. In the meantime, inflation expectations fell by 3.2 points to -64.3 and the indicator of the current economic situation decreased by 1.4 points to -54.8.