The ZEW Current Conditions in Germany increased to -77.60 points in July 2026, compared to -81 points in June and forecasts of -77.8. ZEW Current Conditions in Germany averaged -15.32 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 -79.00 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
2026-06-16 09:00 AM
ZEW Current Conditions
Jun -81.0 -77.8 -78 -77.4
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 -77.6


Related Last Previous Unit Reference
Bankruptcies 2276.00 2308.00 Companies Apr 2026
Ifo Business Climate 85.60 85.00 points Jun 2026
Capacity Utilization 78.40 77.70 percent Jun 2026
Car Production 377700.00 301600.00 Units Jun 2026
Car Registrations 296378.00 239448.00 Units Jun 2026
Changes in Inventories 14.84 26.42 EUR Billion Mar 2026
Composite Leading Indicator 100.72 100.76 points Jun 2026
Corporate Profits 204.92 210.61 EUR Billion Mar 2026
Corruption Index 77.00 75.00 Points Dec 2025
Corruption Rank 10.00 15.00 Dec 2025
Electricity Price 105.21 104.21 EUR/MWh Jul 2026
Factory Orders MoM 1.90 -3.80 percent May 2026
Ifo Current Conditions 87.00 86.10 points Jun 2026
Ifo Expectations 84.10 83.90 points Jun 2026
Industrial Production 0.00 -0.90 percent May 2026
Industrial Production MoM 0.90 0.20 percent May 2026
Manufacturing Production -0.70 -1.60 percent May 2026
Mining Production -7.50 -9.10 percent May 2026
Natural Gas Stocks Capacity 246.49 246.49 TWh Jul 2026
Natural Gas Stocks Injection 224.82 265.05 GWh/d Jul 2026
Natural Gas Stocks Inventory 112.64 112.46 TWh Jul 2026
Natural Gas Stocks Withdrawal 30.80 18.60 GWh/d Jul 2026
New Orders 91.30 89.60 points May 2026
New Car Registrations YoY 15.70 0.10 percent Jun 2026
Steel Production 2900.00 3200.00 Thousand Tonnes Jun 2026
ZEW Current Conditions -77.60 -81.00 points Jul 2026
ZEW Economic Sentiment Index 26.30 10.50 points Jul 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
-77.60 -81.00 95.20 -98.50 1991 - 2026 points Monthly
NSA