The ZEW Indicator of Economic Sentiment for the Euro Area fell by 7.3 points to 18.5 in October 2026, reaching its lowest level in four months and falling short of market expectations of 23.6. The decline points to weakening investor confidence amid continued uncertainty over the Iran conflict and limited prospects for a resolution. Survey results showed that 67.1% of analysts expected economic activity to remain unchanged over the coming months, while 25.7% anticipated an improvement and 7.2% forecast a deterioration. Assessments of current economic conditions also weakened, with the corresponding index slipping 0.9 points to -14.8. Meanwhile, inflation expectations fell sharply, dropping 26.4 points to 4.7. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index In the Euro Area decreased to 18.50 points in October from 25.80 points in September of 2026. ZEW Economic Sentiment Index in Euro Area averaged 21.52 points from 1999 until 2026, reaching an all time high of 89.90 points in January of 2000 and a record low of -63.70 points 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 October of 2026.

ZEW Economic Sentiment Index In the Euro Area decreased to 18.50 points in October from 25.80 points in September of 2026. ZEW Economic Sentiment Index in Euro Area is expected to be 15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area ZEW Economic Sentiment Index is projected to trend around 9.00 points in 2027 and 10.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-15 09:00 AM
ZEW Economic Sentiment Index
Sep 25.8 31.4 39.9 38
2026-10-20 09:00 AM
ZEW Economic Sentiment Index
Oct 18.5 25.8 23.6 24
2026-11-17 10:00 AM
ZEW Economic Sentiment Index
Nov 18.5 14


Related Last Previous Unit Reference
Bankruptcies QoQ 6.90 -2.30 percent Jun 2026
Business Confidence -0.06 -0.24 points Sep 2026
Capacity Utilization 77.90 78.50 percent Sep 2026
Car Registrations 810088.50 798141.40 Units Aug 2026
Changes in Inventories 10.48 28.89 EUR Billion Jun 2026
Industrial Production YoY -1.10 -0.30 percent Aug 2026
Industrial Production MoM -0.50 -0.30 percent Aug 2026
Industrial Sentiment -3.80 -5.00 points Sep 2026
Manufacturing Production -1.70 -0.80 percent Aug 2026
Mining Production -4.40 -2.70 percent Aug 2026
Services Sentiment 6.10 5.60 points Sep 2026
ZEW Economic Sentiment Index 18.50 25.80 points Oct 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
18.50 25.80 89.90 -63.70 1999 - 2026 points Monthly

News Stream
Eurozone Investor Morale Falls to 4-Month Low
The ZEW Indicator of Economic Sentiment for the Euro Area fell by 7.3 points to 18.5 in October 2026, reaching its lowest level in four months and falling short of market expectations of 23.6. The decline points to weakening investor confidence amid continued uncertainty over the Iran conflict and limited prospects for a resolution. Survey results showed that 67.1% of analysts expected economic activity to remain unchanged over the coming months, while 25.7% anticipated an improvement and 7.2% forecast a deterioration. Assessments of current economic conditions also weakened, with the corresponding index slipping 0.9 points to -14.8. Meanwhile, inflation expectations fell sharply, dropping 26.4 points to 4.7.
2026-10-20
Eurozone Investor Morale Unexpectedly Weakens
The ZEW Indicator of Economic Sentiment for the Euro Area eased to 25.8 in September 2026 from a six-month high of 31.4 in August, while analysts had expected a further improvement to 39.9. In September, 54.8% of the surveyed analysts expected no change in economic activity, while 35.5% anticipated an improvement and 9.7% expected deterioration. The assessment of the current situation improved, with the index rising 7.6 points to -13.9, while inflation expectations climbed 28.7 points to 31.1.
2026-09-15
Eurozone Investor Morale Stronger than Anticipated
The ZEW Indicator of Economic Sentiment for the Euro Area rose further to 31.4 in August 2026, the highest in six months and beating market expectations of 25.4. This marked the third consecutive month of improvement in sentiment across the bloc. In August, 57% of analysts expected no change in economic activity, while 37.2% anticipated an improvement and 5.8% expected deterioration. The assessment of the current situation also improved, with the index surging 16.2 points to -21.5, while inflation expectations declined 8 points to 2.4.
2026-08-18