Germany’s ZEW Indicator of Current Conditions plummeted by 10.8 points to -73.7 in April 2026, hitting its lowest level this year and falling below market expectations of -70. The steep decline underscores growing pessimism as the economic fallout from the Iran war drives up prices and deepens concerns over Germany’s economic stability. source: Centre for European Economic Research (ZEW)

ZEW Current Conditions in Germany averaged -14.86 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. This page includes a chart with historical data for Germany Zew Current Conditions. Germany ZEW Current Conditions - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

ZEW Current Conditions in Germany is expected to be -81.00 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
2026-03-17 10:00 AM
ZEW Current Conditions
Mar -62.9 -65.9 -67.3 -66
2026-04-21 09:00 AM
ZEW Current Conditions
Apr -73.7 -62.9 -70 -66
2026-05-12 09:00 AM
ZEW Current Conditions
May -73.7 -76


Related Last Previous Unit Reference
Bankruptcies 1919.00 2037.00 Companies Jan 2026
Ifo Business Climate 84.40 86.30 points Apr 2026
Capacity Utilization 77.40 77.70 percent Mar 2026
Car Production 400800.00 356811.00 Units Mar 2026
Car Registrations 294161.00 211262.00 Units Mar 2026
Changes in Inventories 21.01 20.55 EUR Billion Dec 2025
Composite Leading Indicator 101.35 101.27 points Mar 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 79.28 79.28 EUR/MWh May 2026
Factory Orders MoM 0.90 -11.10 percent Feb 2026
Ifo Current Conditions 85.40 86.70 points Apr 2026
Ifo Expectations 83.30 85.90 points Apr 2026
Industrial Production 0.00 -0.90 percent Feb 2026
Industrial Production MoM -0.30 0.00 percent Feb 2026
Manufacturing Production -0.20 -0.60 percent Feb 2026
Mining Production -14.00 -6.20 percent Feb 2026
Natural Gas Stocks Capacity 247.71 247.71 TWh May 2026
Natural Gas Stocks Injection 989.34 1039.47 GWh/d May 2026
Natural Gas Stocks Inventory 66.65 65.67 TWh May 2026
Natural Gas Stocks Withdrawal 30.30 54.60 GWh/d May 2026
New Orders 88.30 87.50 points Feb 2026
New Car Registrations YoY 16.00 3.80 percent Mar 2026
Steel Production 3300.00 2800.00 Thousand Tonnes Mar 2026
ZEW Current Conditions -73.70 -62.90 points Apr 2026
ZEW Economic Sentiment Index -17.20 -0.50 points Apr 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
-73.70 -62.90 95.20 -98.50 1991 - 2026 points Monthly
NSA