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Germany Zew Economic Sentiment Index

Last Release
Mar 31, 2024
Actual
31.7
Units In
N/A
Previous
19.9
Frequency
Monthly
Next Release
Apr 16, 2024
Time to Release
27 Days 1 Hours
Highest
Lowest
Average
Date Range
Source
89.6
Jan 2000
-63.9
Jul 2008
20.811991-2024Centre 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 for an eighth month in a row to +31.7 in March 2024, reaching its highest level since February 2022 and surpassing market expectations of +20.5. Economic expectations for Europe's largest economy improved significantly, driven by investor anticipation of potential interest rate cuts by the European Central Bank in the coming six months, which explains the more optimistic outlook for the construction industry. In addition, the German export sector benefited from heightened economic expectations for China and the anticipated depreciation of the dollar against the euro. In contrast, the assessment of the economic situation in Germany remained at a very low level, with the corresponding indicator increasing by just 1.2 points to -80.5.

Germany Zew Economic Sentiment Index History

Last 12 readings

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