The ZEW Indicator of Economic Sentiment for Germany rose by 6.6 points from the previous month to -17.5 in December 2018, easily beating market expectations of -25. Despite this increase, the indicator is still clearly in negative territory and remains well below the long-term average of 22.5 points due to uncertainties surrounding the looming international trade dispute and Brexit, which have a particularly negative impact on private investment and Germany’s exports. The assessment of the current economic situation decreased sharply in December, with the corresponding indicator falling by 12.9 points to 45.3, way below market forecasts of 55.8. Zew Economic Sentiment Index in Germany averaged 22.53 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.

Zew Economic Sentiment Index in Germany is expected to be -22.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Zew Economic Sentiment Index in Germany to stand at 20.00 in 12 months time. In the long-term, the Germany Zew Economic Sentiment Index is projected to trend around 25.00 in 2020, according to our econometric models.

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 -17.5 -24.1 -25 -22
2019-01-22 10:00 AM ZEW Economic Sentiment Index -17.5
2019-02-19 10:00 AM ZEW Economic Sentiment Index
2019-03-19 10:00 AM ZEW Economic Sentiment Index -20


Germany Business Last Previous Highest Lowest Unit
Business Confidence 102.00 102.90 109.80 80.20 Index Points [+]
Services PMI 52.50 53.30 60.30 41.30 Index Points [+]
Manufacturing PMI 51.50 51.80 63.30 32.00 [+]
Composite Pmi 52.20 52.30 59.00 50.20 Index Points [+]
Industrial Production 1.60 0.70 15.30 -21.80 percent [+]
Industrial Production Mom -0.50 0.10 4.00 -6.90 percent [+]
Manufacturing Production 1.50 0.00 15.50 -24.10 percent [+]
Capacity Utilization 87.10 87.70 88.70 70.20 percent [+]
New Orders 107.60 107.50 113.80 8.80 Index Points [+]
Factory Orders 0.30 0.10 27.10 -15.70 percent [+]
Changes in Inventories 8.73 1.42 9.69 -11.37 EUR Billion [+]
Bankruptcies 1490.00 1616.00 3755.00 416.00 Companies [+]
Corporate Profits 192.30 201.20 201.20 91.05 EUR Billion [+]
Zew Economic Sentiment Index -17.50 -24.10 89.60 -63.90 [+]
Car Production 450500.00 442500.00 583399.00 265542.00 Units [+]
Car Registrations 272674.00 252628.00 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 -5.70 -11.20 46.60 -30.40 percent [+]
Steel Production 3600.00 3775.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-17.50 -24.10 89.60 -63.90 1991 - 2018 Monthly




Country Last Previous
Euro Area -21.00 Dec/18
France -28.30 Dec/18
Germany -17.50 Dec/18
Italy -51.90 Dec/18
Switzerland -42.30 Nov/18
United Kingdom -67.50 Dec/18


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