The ZEW Indicator of Economic Sentiment for the Euro Area rose by 7.1 points from the prior month to 40.8 in January 2026, the highest since July 2024 and above market expectations of 35.2. In January, about 55.8% of the surveyed analysts expected no changes in economic activity, 42.5% predicted improvement and 1.7% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 10.4 points to -18.1 and inflation expectations went down by 3 points to -7.6. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index In the Euro Area increased to 40.80 points in January from 33.70 points in December of 2025. ZEW Economic Sentiment Index in Euro Area averaged 21.78 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 February of 2026.

ZEW Economic Sentiment Index In the Euro Area increased to 40.80 points in January from 33.70 points in December of 2025. ZEW Economic Sentiment Index in Euro Area is expected to be 12.00 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-16 10:00 AM
ZEW Economic Sentiment Index
Dec 33.7 25 26.3 25.5
2026-01-20 10:00 AM
ZEW Economic Sentiment Index
Jan 40.8 33.7 35.2 34
2026-02-17 10:00 AM
ZEW Economic Sentiment Index
Feb 40.8 45.2 44


Related Last Previous Unit Reference
Bankruptcies QoQ 5.10 4.10 percent Sep 2025
Business Confidence -0.39 -0.47 points Jan 2026
Capacity Utilization 78.20 77.80 percent Dec 2025
Car Registrations 759161.00 801765.00 Units Dec 2025
Changes in Inventories 36.46 35.41 EUR Billion Sep 2025
Industrial Production YoY 1.20 2.20 percent Dec 2025
Industrial Production MoM -1.40 0.30 percent Dec 2025
Industrial Sentiment -6.80 -8.50 points Jan 2026
Manufacturing Production 1.40 2.20 percent Dec 2025
Mining Production 4.20 2.30 percent Dec 2025
Services Sentiment 7.20 5.80 points Jan 2026
ZEW Economic Sentiment Index 40.80 33.70 points Jan 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
40.80 33.70 89.90 -63.70 1999 - 2026 points Monthly

News Stream
Eurozone Investor Morale Improves to 18-Month High
The ZEW Indicator of Economic Sentiment for the Euro Area rose by 7.1 points from the prior month to 40.8 in January 2026, the highest since July 2024 and above market expectations of 35.2. In January, about 55.8% of the surveyed analysts expected no changes in economic activity, 42.5% predicted improvement and 1.7% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 10.4 points to -18.1 and inflation expectations went down by 3 points to -7.6.
2026-01-20
Eurozone Investor Morale at 5-Month High, Tops Forecasts
The ZEW Indicator of Economic Sentiment for the Euro Area climbed by 8.7 points from the prior month to 33.7 in December 2025, the highest reading in five months. Figures came above market forecasts of 26.3. In December, about 57.1% of the surveyed analysts expected no changes in economic activity, 38.3% predicted improvement and 4.6% anticipated a deterioration. In the meantime, the indicator of the current economic situation fell by 1.2 points to -28.5 and inflation expectations went down by 1.9 points to -4.6.
2025-12-16
Eurozone Investor Morale Improves More than Expected
The ZEW Indicator of Economic Sentiment for the Euro Area rose by 2.3 points from the prior month to 25 in November 2025, above market estimates of 23.5. In November, about 62% of the surveyed analysts expected no changes in economic activity, 31.5% predicted improvement and 6.5% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 4.5 points to -27.3 and inflation expectations went down by 4.4 points to -2.7.
2025-11-11