ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research (Mannheim, Germany) on the basis of the surveys of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months.
The index reflects the sentiment of institutional investors. Index growth may have a positive impact on euro quotes.
The chart of the entire available history of the "ZEW European Union Economic Sentiment Indicator" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.