The ZEW Indicator of Economic Sentiment for Germany rose by 0.6 points from the previous month to -24.1 in November 2018, beating market expectations of -25. Although the indicator has improved slightly, it is still clearly in negative territory as poor figures for industrial production, retail sales and foreign trade in the third quarter weighed on sentiment while survey participants do not expect to see a speedy recovery of the currently weak development of the economy. The assessment of the current economic situation decreased sharply in November, with the corresponding indicator falling by 11.9 points to 58.2, way below market forecasts of 65. Zew Economic Sentiment Index in Germany averaged 22.65 from 1991 until 2018, reaching an all time high of 89.60 in January of 2000 and a record low of -63.90 in July of 2008.

Germany Zew Economic Sentiment Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 09:00 AM ZEW Economic Sentiment Index -10.6 -13.7 -14.0 -10.4
2018-10-16 09:00 AM ZEW Economic Sentiment Index -24.7 -10.6 -12 -7.2
2018-11-13 10:00 AM ZEW Economic Sentiment Index -24.1 -24.7 -25 -20.4
2018-12-11 10:00 AM ZEW Economic Sentiment Index -24.1 -12


Germany Business Last Previous Highest Lowest Unit
Business Confidence 102.80 103.70 109.80 80.10 Index Points [+]
Services PMI 54.70 55.90 60.30 41.30 Index Points [+]
Manufacturing PMI 52.20 53.70 63.30 32.00 [+]
Composite Pmi 53.40 55.00 59.00 50.20 Index Points [+]
Industrial Production 0.80 0.20 15.30 -21.80 percent [+]
Industrial Production Mom 0.20 0.10 4.00 -6.90 percent [+]
Manufacturing Production 0.20 -0.50 15.50 -24.10 percent [+]
Capacity Utilization 87.10 87.70 88.70 70.20 percent [+]
New Orders 107.50 106.70 113.80 8.80 Index Points [+]
Factory Orders 0.30 2.50 27.10 -15.70 percent [+]
Changes in Inventories 3.19 -2.92 9.68 -11.34 EUR Billion [+]
Bankruptcies 1616.00 1641.00 3755.00 416.00 Companies [+]
Corporate Profits 201.20 198.20 201.20 91.05 EUR Billion [+]
Zew Economic Sentiment Index -24.10 -24.70 89.60 -63.90 [+]
Car Production 442500.00 401800.00 583399.00 265542.00 Units [+]
Car Registrations 252628.00 200134.00 552865.00 43460.00 [+]
Internet Speed 15298.72 14588.37 15298.72 3207.62 KBps [+]
IP Addresses 38794861.00 38344874.00 38794861.00 18134106.00 IP [+]
Mining Production -12.70 -10.30 46.60 -30.40 percent [+]
Steel Production 3775.00 3900.00 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 82.84 82.64 82.84 5.37 Points [+]
Competitiveness Rank 3.00 3.00 7.00 3.00 [+]
Corruption Index 81.00 81.00 82.70 73.00 Points [+]
Corruption Rank 12.00 10.00 20.00 10.00 [+]
Ease of Doing Business 24.00 20.00 27.00 14.00 [+]


Germany Zew Economic Sentiment Index

In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. 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 development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality. This page provides the latest reported value for - Germany Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Zew Economic Sentiment Index - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-24.10 -24.70 89.60 -63.90 1991 - 2018 Monthly




Country Last
Euro Area -22.00 Nov/18
France -11.70 Oct/18
Germany -24.10 Nov/18
Italy -43.40 Oct/18
Switzerland -39.10 Oct/18
United Kingdom -67.90 Oct/18


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