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. In other words, they merely assess whether they think the current situation is "good" or "bad".
The results of the financial market test are then used to determine the index values of the ZEW economic situation, which is an early indicator of the economic situation in Germany, comparable with the IFO Indicator of Economic Sentiment.
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.
The chart of the entire available history of the "ZEW Germany Economic Situation" 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.
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.