The ZEW Indicator of Economic Sentiment for the Euro Area climbed by 18.6 points from the prior month to 9.5 in June 2026, way better than market forecasts of -7.2. The improvement was underpinned by hopes of a resolution to the Middle East conflict, which should alleviate pressure on energy prices and inflation. In June, 57.7% of analysts expected no change in economic activity, while 25.9% anticipated improvement and 16.4% expected deterioration. The index measuring inflation expectations declined by 19.5 points to 45.8. Meanwhile, the assessment of the current situation was less favorable, with the index falling by 2 points to -43.4. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index In the Euro Area increased to 9.50 points in June from -9.10 points in May of 2026. ZEW Economic Sentiment Index in Euro Area averaged 21.48 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 June of 2026.

ZEW Economic Sentiment Index In the Euro Area increased to 9.50 points in June from -9.10 points in May of 2026. ZEW Economic Sentiment Index in Euro Area is expected to be -6.00 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
2026-05-12 09:00 AM
ZEW Economic Sentiment Index
May -9.1 -20.4 -20 -23
2026-06-16 09:00 AM
ZEW Economic Sentiment Index
Jun 9.5 -9.1 -7.2 -6
2026-07-21 09:00 AM
ZEW Economic Sentiment Index
Jul 9.5


Related Last Previous Unit Reference
Bankruptcies QoQ 0.40 2.60 percent Mar 2026
Business Confidence -0.26 -0.27 points May 2026
Capacity Utilization 78.50 77.60 percent Jun 2026
Car Registrations 793161.50 794535.40 Units Apr 2026
Changes in Inventories 27.65 34.97 EUR Billion Mar 2026
Industrial Production YoY 0.30 -2.80 percent Apr 2026
Industrial Production MoM 0.10 0.40 percent Apr 2026
Industrial Sentiment -8.00 -7.70 points May 2026
Manufacturing Production 0.30 -3.00 percent Apr 2026
Mining Production -4.10 -1.00 percent Apr 2026
Services Sentiment 2.20 1.40 points May 2026
ZEW Economic Sentiment Index 9.50 -9.10 points Jun 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
9.50 -9.10 89.90 -63.70 1999 - 2026 points Monthly

News Stream
Eurozone Investor Sentiment Surprises on the Upside
The ZEW Indicator of Economic Sentiment for the Euro Area climbed by 18.6 points from the prior month to 9.5 in June 2026, way better than market forecasts of -7.2. The improvement was underpinned by hopes of a resolution to the Middle East conflict, which should alleviate pressure on energy prices and inflation. In June, 57.7% of analysts expected no change in economic activity, while 25.9% anticipated improvement and 16.4% expected deterioration. The index measuring inflation expectations declined by 19.5 points to 45.8. Meanwhile, the assessment of the current situation was less favorable, with the index falling by 2 points to -43.4.
2026-06-16
Eurozone Investor Morale Higher Than Expected
The ZEW Indicator of Economic Sentiment for the Euro Area rose by 11.3 points to -9.1 in May 2026, beating market expectations of -20. The uptick suggests sentiment is improving, as markets continue to price in hopes of a quick resolution to the Iran conflict. In May, 51.1% of analysts expected no change in economic activity, while 29% anticipated a deterioration and 19.9% expected improvement. The assessment of the current situation also improved, with the index rising 1.6 points to -41.4, while inflation expectations dropped 13.7 points to 65.3.
2026-05-12
Eurozone Investor Morale Lowest since Dec 2022
The ZEW Indicator of Economic Sentiment for the Euro Area dropped sharply by 11.9 points to -20.4 in April 2026, its lowest level since December 2022 and well below expectations of -3.6. The decline reflects growing concern over the escalating conflict in the Middle East, which is increasingly seen as a risk to energy prices and supply chains across Europe, raising fears of longer-term energy shortages for businesses. In April, 44% of analysts expected no change in economic activity, while 38.2% anticipated a deterioration and 17.8% expected improvement. The assessment of the current situation also weakened, with the index falling 13.1 points to -43, while inflation expectations remained broadly unchanged at 79.
2026-04-21