ZEW Germany Economic Sentiment Indicator

Country:
Germany
EUR, Euro
Sector:
Business
High 42.9 42.7
31.7
Last release Importance Actual Forecast
Previous
46.9
42.9
Next release Actual Forecast
Previous
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Since 1991, up to 300 experts from banks, insurance companies and finance departments of selected large companies (270 banks, 50 insurance companies and corporations and 30 large industrial enterprises) have been questioned monthly about their medium-term assessments and forecasts of important international financial market data as part of the ZEW Financial Market Test. The ZEW Financial Market Test captures the prevailing mood among German financial analysts. The most important international financial indicators are the subject of this survey: Inflation rates, interest rates, stock indices, exchange rates and the oil price.

In their answers, the financial market experts should only give qualitative estimates of trends with regard to the direction of change. This means that they merely assess whether, in their opinion, long-term interest rates, for example, will rise (+), fall (-) or remain more or less constant (=) in the next 6 months, for the situation indicators they ask for "good" and "bad" and for the expectations for "improve" or "deteriorate".

The ZEW Indicator of Economic Sentiment is an early indicator of the economic situation in Germany, comparable to the IFO business expectations.

The results of the ZEW Financial Market Test are published and commented on in the Financial Market Report. In addition, the results of the survey are regularly published in the press in the form of indicators and forecasts. The Reuters information service also publishes the aggregated survey results.

Index growth can have a positive impact on euro exchange rates.

Last values:

actual data

forecast

The chart of the entire available history of the "ZEW Germany 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
Apr 2024
42.9
42.7
31.7
Mar 2024
31.7
15.2
Jan 2024
15.2
Dec 2023
N/D
4.3
9.8
Nov 2023
9.8
-6.2
-1.1
Oct 2023
-1.1
-11.9
-11.4
Sep 2023
-11.4
-13.5
-12.3
Aug 2023
-12.3
-11.6
-14.7
Jul 2023
-14.7
-9.6
-8.5
Jun 2023
-8.5
-3.3
-10.7
May 2023
-10.7
8.6
4.1
Apr 2023
4.1
20.6
13.0
Mar 2023
13.0
22.6
28.1
Feb 2023
28.1
-3.2
16.9
Jan 2023
16.9
-30.0
-23.3
Dec 2022
-23.3
-48.1
-36.7
Nov 2022
-36.7
-61.2
-59.2
Oct 2022
-59.2
-59.4
-61.9
Sep 2022
-61.9
-55.1
-55.3
Aug 2022
-55.3
-41.4
-53.8
Jul 2022
-53.8
-31.2
-28.0
Jun 2022
-28.0
-37.8
-34.3
May 2022
-34.3
-40.4
-41.0
Apr 2022
-41.0
-1.1
-39.3
Mar 2022
-39.3
53.6
54.3
Feb 2022
54.3
41.2
51.7
Jan 2022
51.7
30.9
29.9
Dec 2021
29.9
27.1
31.7
Nov 2021
31.7
24.4
22.3
Oct 2021
22.3
33.5
26.5
Sep 2021
26.5
52.1
40.4
Aug 2021
40.4
72.6
63.3
Jul 2021
63.3
84.1
79.8
Jun 2021
79.8
79.8
84.4
May 2021
84.4
75.1
70.7
Apr 2021
70.7
75.7
76.6
Mar 2021
76.6
68.0
71.2
Feb 2021
71.2
59.4
61.8
Jan 2021
61.8
47.7
55.0
Dec 2020
55.0
47.9
39.0
Nov 2020
39.0
67.7
56.1
Oct 2020
56.1
76.6
77.4
Sep 2020
77.4
67.1
71.5
Aug 2020
71.5
62.4
59.3
Jul 2020
59.3
30.9
63.4
Jun 2020
63.4
40.2
51.0
May 2020
51.0
-10.6
28.2
Apr 2020
28.2
-20.8
-49.5
Mar 2020
-49.5
17.7
8.7
Feb 2020
8.7
18.8
26.7

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