The ZEW Indicator of Economic Sentiment for the Euro Area jumped by 17.7 points to 84 in May of 2021. It was the highest reading since February of 2000, amid optimism around the reopening of the economies as vaccinations gather pace and the third COVID-19 wave is slowing down. In May, 84.5 percent of the surveyed analysts predicted an improvement in economic activity, 15 percent expected no changes while 0.5 percent expected deterioration. Meanwhile, the indicator for the current economic situation in the Eurozone increased by 14.1 points to -51.4 while inflation expectations went up by 2.5 points to 77.6. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in the Euro Area averaged 23.78 from 1999 until 2021, reaching an all time high of 89.90 in January of 2000 and a record low of -63.70 in July of 2008. This page provides the latest reported value for - Euro Area Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Zew Economic Sentiment Index - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Zew Economic Sentiment Index in Euro Area is expected to be 38.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Zew Economic Sentiment Index in Euro Area to stand at 5.00 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around 15.00 in 2022 and 9.00 in 2023, according to our econometric models.