Germany Zew Economic Sentiment Index

Last Release

Oct 31, 2025

Actual

39.3

Units In

N/A

37.3

Frequency

Monthly

Next Release

Nov 11, 2025

Time to Release

26 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
89.6 Jan 2000	-63.9 Jul 2008	21.19	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 rose two points to 39.3 in October 2025, its highest level since July’s three-year peak of 52.7, but falling short of market expectations of 40.5. "Hopes for a medium-term recovery remain. Despite the uncertainty surrounding the implementation of the government investment program and ongoing global uncertainties, the ZEW Index increased slightly in October," commented ZEW President Prof. Achim Wambach. Following a recent slump in exports to China, expectations for export-oriented sectors improved sharply, particularly in metal production, pharmaceuticals, mechanical engineering, and electrical equipment manufacturing. The automotive sector, however, saw a slight deterioration in its outlook. Meanwhile, the current economic conditions index dropped 3.6 points to -80.0, marking its lowest level since May.