Germany Zew Economic Sentiment Index

Last Release

Nov 30, 2024

Actual

7.4

Units In

N/A

13.1

Frequency

Monthly

Next Release

Dec 17, 2024

Time to Release

1 Months 2 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
89.6 Jan 2000	-63.9 Jul 2008	20.95	1991-2024	Centre 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 fell to 7.4 in November 2024 from 13.1 in October, and well below forecasts of 13, weighed down by Donald Trump’s victory and the collapse of the German government coalition. The assessment of the current economic situation also deteriorated, with the current conditions gauge declining to -91.4 from -86.9, compared to forecasts of -85.9. "In the current survey, economic sentiment has declined - and the outcome of the US presidential election is likely to be the main reason for this. The fact that economic expectations for the US are clearly rising, while economic sentiment for China and the eurozone is falling, supports this view. Still, more optimistic voices were heard in the last survey days, expecting economic prospects for Germany to improve with snap elections on the horizon. Overall, what we’re currently observing is a very dynamic development of economic expectations,” according to ZEW President Professor Achim Wambach.