The ZEW Indicator of Economic Sentiment for Germany fell by 4.1 points to 59.3 in July 2020 defying the expectations of further improvement. Still, the reading was only slightly off from 14-year high of 63.4 reported in June as investors expect that there will be a gradual increase in GDP in the second half of the year and in early 2021 as the economy recovers from the coronavirus crisis. 69.5 percent of the surveyed analysts predicted an improvement in economic activity over the next six months, while 10.2 percent expected it to deteriorate and 20.3 percent saw no changes. Meanwhile, the assessment of the current economic situation improved only slightly, with the corresponding indicator increasing 2.2 points to -80.9.
Zew Economic Sentiment Index in Germany averaged 21.37 from 1991 until 2020, reaching an all time high of 89.60 in January of 2000 and a record low of -63.90 in July of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Germany is expected to be 5.00 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 15.00 in 12 months time. In the long-term, the Germany Zew Economic Sentiment Index is projected to trend around 5.00 in 2021 and 9.00 in 2022, according to our econometric models.