The ZEW Indicator of Economic Sentiment for the Euro Area rose by 21.2 points from the previous month to -22.4 in September 2019, better than market expectations of -32.2. In September, 47.4 percent of the surveyed analysts expected no changes in economic activity and 15.1 percent expected it to improve while 37.5 percent predicted a deterioration in economic conditions. Meantime, the indicator of the current economic situation decreased by 1.1 points to -15.6 and inflation expectations rose by 10.6 points to 9.5. Zew Economic Sentiment Index in the Euro Area averaged 22.51 from 1999 until 2019, reaching an all time high of 89.90 in January of 2000 and a record low of -63.70 in July of 2008.

Zew Economic Sentiment Index in Euro Area is expected to be -22.40 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 -6.00 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around -6.00 in 2020, according to our econometric models.

Euro Area Zew Economic Sentiment Index
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-18 09:00 AM ZEW Economic Sentiment Index Jun -20.2 -1.6 -3.6 -3
2019-07-16 09:00 AM ZEW Economic Sentiment Index Jul -20.3 -20.2 -20.9 -18.4
2019-08-13 09:00 AM ZEW Economic Sentiment Index Aug -43.6 -20.3 -21.7 -24
2019-09-17 09:00 AM ZEW Economic Sentiment Index Sep -22.4 -43.6 -32.2 -38
2019-10-15 09:00 AM ZEW Economic Sentiment Index Oct -22.4
2019-11-12 10:00 AM ZEW Economic Sentiment Index Nov
2019-12-10 10:00 AM ZEW Economic Sentiment Index Dec -24


Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.11 -0.11 1.63 -3.31 Index Points [+]
Manufacturing PMI 47.00 46.50 60.60 33.50 [+]
Services PMI 53.50 53.20 58.30 39.20 Index Points [+]
Composite Pmi 51.90 51.50 58.80 45.70 Index Points [+]
Industrial Production -2.00 -2.40 9.70 -21.40 percent [+]
Industrial Production Mom -0.40 -1.40 3.30 -4.00 percent [+]
Manufacturing Production -2.00 -2.60 10.00 -21.70 percent [+]
Capacity Utilization 81.90 82.80 85.30 69.60 percent [+]
Changes In Inventories 7.71 7.61 27.72 -24.53 EUR Billion [+]
Zew Economic Sentiment Index -22.40 -43.60 89.90 -63.70 [+]
Car Registrations 896.89 961.38 1169.19 669.00 Thousand [+]
Mining Production -8.40 -12.90 42.30 -27.80 percent [+]
Industrial Sentiment -5.90 -7.30 10.20 -37.70 [+]
Services Sentiment 9.30 10.60 35.30 -25.20 [+]


Euro Area Zew Economic Sentiment Index

In the Euro Area, 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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-22.40 -43.60 89.90 -63.70 1999 - 2019 Monthly




Country Last Previous
Euro Area -22.40 Sep/19
France -42.30 Aug/19
Germany -22.50 Sep/19
Italy -49.50 Aug/19
Switzerland -37.50 Aug/19
United Kingdom -80.60 Aug/19


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