Germany Zew Economic Sentiment Index

Last Release

Jul 31, 2024

Actual

41.8

Units In

N/A

47.5

Frequency

Monthly

Next Release

Aug 13, 2024

Time to Release

26 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
89.6 Jan 2000	-63.9 Jul 2008	21.06	1991-2024	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 declined to 41.8 in July 2024, the first fall in a year and the lowest level in four months, compared to 47.5 in June and forecasts of 42.5. The economic outlook is worsening, amid falling exports, political uncertainty in France and the lack of clarity regarding future monetary policy by the ECB. Meanwhile, the current conditions index increased to -68.9, the highest in a year, from -73.8 in June and compared to expectations of -74.5.