The ZEW Current Conditions index in Germany increased to -35.9 points in October 2026, the highest since May 2023, from -47.1 points in September, and compared to forecasts of -45. ZEW Current Conditions in Germany averaged -15.55 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 -54.00 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 -54.00 points in 2027 and -48.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-15 09:00 AM
ZEW Current Conditions
Sep -47.1 -61.1 -52.2 -54
2026-10-20 09:00 AM
ZEW Current Conditions
Oct -35.9 -47.1 -45 -46
2026-11-17 10:00 AM
ZEW Current Conditions
Nov -35.9 -36


Related Last Previous Unit Reference
Bankruptcies 2373.00 2266.00 Companies Jul 2026
Ifo Business Climate 89.90 88.80 points Sep 2026
Capacity Utilization 77.90 78.20 percent Sep 2026
Car Production 392200.00 221012.00 Units Sep 2026
Car Registrations 256774.00 212563.00 Units Sep 2026
Changes in Inventories 15.88 11.74 EUR Billion Jun 2026
Composite Leading Indicator 101.01 100.90 points Sep 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 165.63 166.34 EUR/MWh Oct 2026
Factory Orders MoM -10.60 3.20 percent Aug 2026
Ifo Current Conditions 89.50 88.50 points Sep 2026
Ifo Expectations 90.40 89.00 points Sep 2026
Industrial Production 2.30 -1.80 percent Aug 2026
Industrial Production MoM 2.00 -1.20 percent Aug 2026
Manufacturing Production -0.40 -3.40 percent Aug 2026
Mining Production -10.50 -6.80 percent Aug 2026
Natural Gas Stocks Capacity 247.36 247.36 TWh Oct 2026
Natural Gas Stocks Injection 268.04 237.51 GWh/d Oct 2026
Natural Gas Stocks Inventory 151.26 151.10 TWh Oct 2026
Natural Gas Stocks Withdrawal 114.90 188.00 GWh/d Oct 2026
New Orders 86.00 96.20 points Aug 2026
New Car Registrations YoY 9.00 2.60 percent Sep 2026
Steel Production 2600.00 2800.00 Thousand Tonnes Aug 2026
ZEW Current Conditions -35.90 -47.10 points Oct 2026
ZEW Economic Sentiment Index 28.10 34.70 points Oct 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
-35.90 -47.10 95.20 -98.50 1991 - 2026 points Monthly
NSA