ZEW Current Conditions in Germany increased to -61.10 points in August from -77.60 points in July of 2026. ZEW Current Conditions in Germany averaged -15.43 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 -62.00 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 -60.00 points in 2027 and -52.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-21 09:00 AM
ZEW Current Conditions
Jul -77.6 -81.0 -77.8 -78
2026-08-18 09:00 AM
ZEW Current Conditions
Aug -61.1 -77.6 -69.5 -77
2026-09-15 09:00 AM
ZEW Current Conditions
Sep -61.1 -62


Related Last Previous Unit Reference
Bankruptcies 1995.00 2276.00 Companies May 2026
Ifo Business Climate 88.80 86.70 points Aug 2026
Capacity Utilization 77.90 78.20 percent Sep 2026
Car Production 229900.00 322700.00 Units Aug 2026
Car Registrations 212563.00 268068.00 Units Aug 2026
Changes in Inventories 15.88 11.74 EUR Billion Jun 2026
Composite Leading Indicator 100.72 100.76 points Jun 2026
Corporate Profits 237.38 227.26 EUR Billion Jun 2026
Corruption Index 77.00 75.00 Points Dec 2025
Corruption Rank 10.00 15.00 Dec 2025
Electricity Price 145.33 145.33 EUR/MWh Sep 2026
Factory Orders MoM 2.50 3.70 percent Jul 2026
Ifo Current Conditions 88.50 86.50 points Aug 2026
Ifo Expectations 89.10 86.80 points Aug 2026
Industrial Production -0.10 0.00 percent Jun 2026
Industrial Production MoM 0.20 0.70 percent Jun 2026
Manufacturing Production -0.50 -0.50 percent Jun 2026
Mining Production -6.70 -8.10 percent Jun 2026
Natural Gas Stocks Capacity 246.54 246.54 TWh Sep 2026
Natural Gas Stocks Injection 326.07 336.01 GWh/d Sep 2026
Natural Gas Stocks Inventory 132.32 100129.01 TWh Sep 2026
Natural Gas Stocks Withdrawal 38.10 24.20 GWh/d Sep 2026
New Orders 92.70 89.90 points Jun 2026
New Car Registrations YoY 2.60 1.20 percent Aug 2026
Steel Production 2800.00 2900.00 Thousand Tonnes Jul 2026
ZEW Current Conditions -61.10 -77.60 points Aug 2026
ZEW Economic Sentiment Index 34.20 26.30 points Aug 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
-61.10 -77.60 95.20 -98.50 1991 - 2026 points Monthly
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