Germany Zew Economic Sentiment Index

Last Release

Aug 31, 2025

Actual

34.7

Units In

N/A

52.7

Frequency

Monthly

Next Release

Sep 16, 2025

Time to Release

1 Months 2 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
89.6 Jan 2000	-63.9 Jul 2008	21.11	1991-2025	Centre for European Economic Research (ZEW)

In Germany, 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 Germany decreased for the first time in four months to 34.7 in August 2025, compared to 52.7 in July which was the highest since 2022 and below forecasts of 40. “Financial market experts are disappointed with the announced EU–US trade deal. In August 2025, the ZEW indicator experiences a substantial decline, also due to the poor performance of the German economy in the second quarter of 2025. The outlook has worsened in particular for the chemical and pharmaceutical industries. The mechanical engineering and metal sectors as well as the automotive industry are also severely affected,” ZEW President Professor Achim Wambach said. Meanwhile, the assessment of the current economic situation has also deteriorated, with the Current Conditions index declining to -68.6 from -59.5 and worse than forecasts of -65.