Germany Zew Economic Sentiment Index

Last Release

Sep 30, 2023

Actual

-11.4

Units In

N/A

-12.3

Frequency

Monthly

Next Release

Oct 17, 2023

Time to Release

1 Months 2 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
89.6 Jan 2000	-63.9 Jul 2008	20.91	1991-2023	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 increased slightly to -11.4 in September 2023, up from the previous month's reading of -12.3 and surpassing market expectations of -15.0. These improved economic prospects for Europe's largest economy are in line with a notably more optimistic view of international stock market developments, driven by growing expectations of stable interest rates in the Eurozone and the US, along with anticipations of a further easing of China's interest rate policy. However, the assessment of the economic situation saw a significant drop of 8.1 points, falling to -79.4, marking its lowest level in three years.