The ZEW Indicator of Economic Sentiment for the Euro Area increased to -21 in December of 2018 from -22 in the previous month and beating market expectations of -23.2. In December 2018, 52 percent of the analysts surveyed expected no changes in the economic activity in the coming six months and 34.5 percent expected it to get worse while 13.5 percent expected improvement. Meantime, the indicator for the current situation slipped by 6.1 points to 12.1 but inflation expectations decreased by 19.5 points to 6. Zew Economic Sentiment Index in the Euro Area averaged 23.95 from 1999 until 2018, 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 -20.60 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 15.40 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around 25.00 in 2020, according to our econometric models.

Euro Area Zew Economic Sentiment Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 09:00 AM ZEW Economic Sentiment Index -7.2 -11.1 -10.9 -6.8
2018-10-16 09:00 AM ZEW Economic Sentiment Index -19.4 -7.2 -9.2 -2.6
2018-11-13 10:00 AM ZEW Economic Sentiment Index -22.0 -19.4 -17.3 -20
2018-12-11 10:00 AM ZEW Economic Sentiment Index -21.0 -22.0 -23.2 -20.6
2019-01-22 10:00 AM ZEW Economic Sentiment Index -21.0
2019-02-19 10:00 AM ZEW Economic Sentiment Index
2019-03-19 10:00 AM ZEW Economic Sentiment Index -2


Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 1.09 1.01 1.62 -3.27 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.40 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.30 52.70 58.80 45.70 Index Points [+]
Industrial Production 1.20 0.80 9.20 -21.40 percent [+]
Industrial Production Mom 0.20 -0.60 3.20 -4.00 percent [+]
Manufacturing Production 1.20 1.50 10.10 -21.70 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -21.00 -22.00 89.90 -63.70 [+]
Car Registrations 862.12 806.26 1169.19 669.00 Thousand [+]
Mining Production -18.70 -13.00 42.30 -26.80 percent [+]


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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-21.00 -22.00 89.90 -63.70 1999 - 2018 Monthly




Country Last Previous
Euro Area -21.00 Dec/18
France -28.30 Dec/18
Germany -17.50 Dec/18
Italy -51.90 Dec/18
Switzerland -42.30 Nov/18
United Kingdom -67.50 Dec/18


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