Germany’s ZEW Indicator of Current Conditions rose 6.8 points to -65.9 in February 2026, up from -72.7 in January and compared with market expectations of -65.7. ZEW Current Conditions in Germany averaged -14.60 points from 1991 until 2026, reaching an all time high of 95.20 points in January of 2018 and a record low of -98.50 points in November of 1993. source: Centre for European Economic Research (ZEW)

ZEW Current Conditions in Germany is expected to be -64.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany ZEW Current Conditions is projected to trend around -40.00 points in 2027 and -30.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-20 10:00 AM
ZEW Current Conditions
Jan -72.7 -81.0 -75.5 -77
2026-02-17 10:00 AM
ZEW Current Conditions
Feb -65.9 -72.7 -65.7 -67
2026-03-17 10:00 AM
ZEW Current Conditions
Mar -65.9 -64


Related Last Previous Unit Reference
Bankruptcies 1794.00 2108.00 Companies Nov 2025
Ifo Business Climate 88.60 87.60 points Feb 2026
Capacity Utilization 77.40 77.70 percent Mar 2026
Car Production 305900.00 263500.00 Units Jan 2026
Car Registrations 193981.00 246439.00 Units Jan 2026
Changes in Inventories 21.01 20.55 EUR Billion Dec 2025
Composite Leading Indicator 101.40 101.26 points Jan 2026
Corporate Profits 210.63 207.12 EUR Billion Dec 2025
Corruption Index 77.00 75.00 Points Dec 2025
Corruption Rank 10.00 15.00 Dec 2025
Electricity Price 100.57 90.24 EUR/MWh Mar 2026
Factory Orders MoM 7.80 5.70 percent Dec 2025
Ifo Current Conditions 86.70 85.70 points Feb 2026
Ifo Expectations 90.50 89.60 points Feb 2026
Industrial Production -0.60 0.50 percent Dec 2025
Industrial Production MoM -1.90 0.20 percent Dec 2025
Manufacturing Production -0.30 1.00 percent Dec 2025
Mining Production 2.40 3.20 percent Dec 2025
Natural Gas Stocks Capacity 251.14 251.14 TWh Mar 2026
Natural Gas Stocks Injection 372.83 382.97 GWh/d Mar 2026
Natural Gas Stocks Inventory 52.48 52.30 TWh Mar 2026
Natural Gas Stocks Withdrawal 222.10 154.60 GWh/d Mar 2026
New Orders 100.10 92.90 points Dec 2025
New Car Registrations YoY -6.60 9.70 percent Jan 2026
Steel Production 3100.00 2700.00 Thousand Tonnes Jan 2026
ZEW Current Conditions -65.90 -72.70 points Feb 2026
ZEW Economic Sentiment Index 58.30 59.60 points Feb 2026


Germany ZEW Current Conditions
In Germany, the ZEW Current Conditions Index measures the level of optimism that analysts have about the current economic situation. 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 economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts see deteriorating economic conditions) up to 100 (all analysts see improving economic conditions). A 0 value indicates neutrality.
Actual Previous Highest Lowest Dates Unit Frequency
-65.90 -72.70 95.20 -98.50 1991 - 2026 points Monthly
NSA