The ZEW Indicator of Economic Sentiment for Germany tumbled to -53.8 in July of 2022 from -28 in June, the lowest since December 2011 and well below market expectations of -38.3. The economic outlook deteriorated markedly due to concerns about the energy supply in Germany, the ECB’s announced interest rate hike and further pandemic-related restrictions in China. The current conditions subindex also deteriorated sharply to -45.8 from -27.6, missing forecasts of -34.5. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index in Germany averaged 22.33 points from 1991 until 2022, reaching an all time high of 89.60 points in January of 2000 and a record low of -63.90 points 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 2022.

ZEW Economic Sentiment Index in Germany is expected to be -59.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany ZEW Economic Sentiment Index is projected to trend around 15.00 points in 2023 and 7.00 points in 2024, according to our econometric models.

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Germany ZEW Economic Sentiment Index



Calendar GMT Actual Previous Consensus TEForecast
2022-06-14 09:00 AM Jun -28 -34.3 -27.5 -31.8
2022-07-12 09:00 AM Jul -53.8 -28 -38.3 -39.2
2022-08-16 09:00 AM Aug -53.8 -52.7 -61


Related Last Previous Unit Reference
ZEW Economic Sentiment Index -53.80 -28.00 points Jul 2022
ZEW Current Conditions -45.80 -27.60 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-53.80 -28.00 89.60 -63.90 1991 - 2022 points Monthly
NSA

News Stream
German Investor Morale Tumbles to Over 10-Year Low
The ZEW Indicator of Economic Sentiment for Germany tumbled to -53.8 in July of 2022 from -28 in June, the lowest since December 2011 and well below market expectations of -38.3. The economic outlook deteriorated markedly due to concerns about the energy supply in Germany, the ECB’s announced interest rate hike and further pandemic-related restrictions in China. The current conditions subindex also deteriorated sharply to -45.8 from -27.6, missing forecasts of -34.5.
2022-07-12
German Investors Remain Pessimistic
ZEW Indicator of Economic Sentiment for Germany increased slightly to -28 in June of 2022 from -34.3 in May. Figures came in line with market forecasts of -27.5, as financial market experts see fewer dark clouds although several economic risks such as the consequences of the sanctions against Russia, the unclear covid situation in China and the gradual change in monetary policy remain. The current conditions subindex also improved to -27.6 from -36.5, better than expectations of -31. Meanwhile, inflation expectations for the Euro Area fell again to -32.4 points, 21.8 points below the value from the previous month.
2022-06-14
German Investors Slightly Less Pessimistic in May
The ZEW Indicator of Economic Sentiment for Germany increased to -34.3 in May of 2022 from a 2-year low of -41 in April. Figures beat market forecasts of -42, as the outlook is slightly less pessimistic for the economic situation in Germany. In contrast, the current conditions index fell further to -36.5, the lowest in a year and worse than forecasts of -35. Most analysts said Covid restrictions in China will have a heavy burden on future economic growth in Germany and expect an increase in short-term interest rates by the ECB in the next six months while seeing inflation falling from the current very high levels.
2022-05-10