ZEW European Union Economic Sentiment Indicator

Country:
European Union
EUR, Euro
Sector:
Business
Medium -19.4 -9.1
-7.2
Last release Importance Actual Forecast
Previous
-13.3
-19.4
Next release Actual Forecast
Previous
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ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research (Mannheim, Germany) on the basis of the surveys of up to 350 analysts from banks, insurance companies and financial departments of corporations.

Experts are asked to express an assessment of actual economic conditions and six-month expectations concerning economic conditions, inflation rates, near-term and long-term interest rates, stock markets, exchange rates of euro against other major currencies, and oil prices. Questions concern separately situations in Germany, France, Italy and the eurozone as a whole. The indicator is also calculated for the US, Japan and the UK.

The survey participants provide the qualitative rather than quantitative evaluation, i.e. whether the parameter may grow, fall or remain unchanged. The index is calculated as the difference between positive and negative forecasts. For example, if 30% of participants expect the economic situation to improve, and 40% expect it to deteriorate, then ZEW Economic Sentiment Indicator would take a value of -10. The positive value means that the share of optimists is higher than the share of pessimists, and vice versa.

The index reflects the sentiment of institutional investors. Index growth means favorable expectations. This allows forecasting growth of investments made into the economy of the eurozone. This may affect euro quotes positively.

Last values:

actual data

forecast

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.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2018
-19.4
-9.1
-7.2
Sep 2018
-7.2
-14.9
-11.1
Aug 2018
-11.1
-15.6
-18.7
Jul 2018
-18.7
-5.1
-12.6
Jun 2018
-12.6
2.1
2.4
May 2018
2.4
7.6
1.9
Apr 2018
1.9
21.3
13.4
Mar 2018
13.4
30.6
29.3
Feb 2018
29.3
30.5
31.8
Jan 2018
31.8
30
29
Dec 2017
29
28.9
30.9
Nov 2017
30.9
29.2
26.7
Oct 2017
26.7
30.6
31.7
Sep 2017
31.7
32.5
29.3
Aug 2017
29.3
42
35.6
Jul 2017
35.6
50.3
37.7
Jun 2017
37.7
36.9
35.1
May 2017
35.1
18.8
26.3
Apr 2017
26.3
25.6
Mar 2017
25.6
17.1
Feb 2017
17.1
23.2
Jan 2017
23.2
18.1
Dec 2016
18.1
15.8
Nov 2016
15.8
12.3
Oct 2016
12.3
5.4
Sep 2016
5.4
4.6
Aug 2016
4.6
-14.7
Jul 2016
-14.7
20.2
Jun 2016
20.2
16.8
May 2016
16.8
21.5
Apr 2016
21.5
10.6
Mar 2016
10.6
13.6
Feb 2016
13.6
22.7
Jan 2016
22.7
33.9
Dec 2015
33.9
28.3
Nov 2015
28.3
30.1
Oct 2015
30.1
33.3
Sep 2015
33.3
47.6
Aug 2015
47.6
42.7
Jul 2015
42.7
53.7
Jun 2015
53.7
61.2
May 2015
61.2
64.8
Apr 2015
64.8
62.4
Mar 2015
62.4
52.7
Feb 2015
52.7
45.2
Jan 2015
45.2
31.8
Dec 2014
31.8
11
Nov 2014
11
4.1
Oct 2014
4.1
14.2
Sep 2014
14.2
23.7

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

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