Germany Zew Economic Sentiment Index

Last Release

Nov 30, 2025

Actual

38.5

Units In

N/A

39.3

Frequency

Monthly

Next Release

Dec 16, 2025

Time to Release

1 Months 2 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
89.6 Jan 2000	-63.9 Jul 2008	21.23	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

Germany’s ZEW Indicator of Economic Sentiment slipped to 38.5 in November 2025, down from October’s three-month high of 39.3 and below market expectations of 40, reflecting waning confidence in the government’s ability to implement effective economic policies. “The investment program should provide an economic stimulus, but structural problems persist,” said ZEW President Prof. Achim Wambach. The outlook is particularly weak for the chemical and metal industries, while the banking and insurance sectors also registered declines compared with last month. In contrast, private consumption saw a notable improvement, rising 13.3 points, and the electrical engineering, service, telecommunications, and IT sectors posted modest gains. Meanwhile, the current economic conditions index rose 1.3 points to -78.7 in November.