The ZEW Indicator of Economic Sentiment for Germany fell 3.4 points from a month earlier to -24.5 in July 2019, the lowest reading since last October and below market expectations of -22.3. The continued negative trend in incoming orders in the German industry is likely to have reinforced the financial market experts’ pessimistic sentiment, while the Iran conflict and the ongoing trade dispute between the US and China are weighing on the global economic outlook. Meanwhile, the assessment of the economic situation in Germany worsened by 8.9 points to a current reading of -1.1. Zew Economic Sentiment Index in Germany averaged 21.82 from 1991 until 2019, 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 -12.00 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 4.00 in 12 months time. In the long-term, the Germany Zew Economic Sentiment Index is projected to trend around -3.00 in 2020, according to our econometric models.

Germany Zew Economic Sentiment Index
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-16 09:00 AM ZEW Economic Sentiment Index Apr 3.1 -3.6 0.8 -2
2019-05-14 09:00 AM ZEW Economic Sentiment Index May -2.1 3.1 5 4.5
2019-06-18 09:00 AM ZEW Economic Sentiment Index Jun -21.1 -2.1 -5.9 -4
2019-07-16 09:00 AM ZEW Economic Sentiment Index Jul -24.5 -21.1 -22.3 -17.2
2019-08-13 09:00 AM ZEW Economic Sentiment Index Aug -24.5 -18
2019-09-17 09:00 AM ZEW Economic Sentiment Index Sep -12
2019-10-15 09:00 AM ZEW Economic Sentiment Index Oct


Germany Business Last Previous Highest Lowest Unit
Business Confidence 97.40 97.90 109.80 79.90 Index Points [+]
Services PMI 55.80 55.40 60.30 41.30 Index Points [+]
Manufacturing PMI 45.00 44.30 63.30 32.00 [+]
Composite Pmi 52.60 52.60 59.00 50.20 Index Points [+]
Industrial Production -3.70 -2.30 15.30 -21.80 percent [+]
Industrial Production Mom 0.30 -2.00 4.00 -6.90 percent [+]
Manufacturing Production -4.10 -3.40 15.50 -24.10 percent [+]
Capacity Utilization 85.40 86.30 88.70 70.20 percent [+]
New Orders 100.20 102.50 113.50 8.80 Index Points [+]
Factory Orders -2.20 0.40 27.10 -15.70 percent [+]
Changes in Inventories -3.37 3.08 10.85 -11.30 EUR Billion [+]
Bankruptcies 1689.00 1582.00 3755.00 416.00 Companies [+]
Corporate Profits 192.10 193.12 202.12 91.05 EUR Billion [+]
Zew Economic Sentiment Index -24.50 -21.10 89.60 -63.90 [+]
Car Production 374700.00 445700.00 583399.00 265542.00 Units [+]
Car Registrations 325231.00 332962.00 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 -15.70 -15.80 46.60 -30.40 percent [+]
Steel Production 3470.00 3358.31 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 80.00 81.00 82.70 73.00 Points [+]
Corruption Rank 11.00 12.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-24.50 -21.10 89.60 -63.90 1991 - 2019 Monthly




Country Last Previous
Euro Area -20.30 Jul/19
France -19.50 Jul/19
Germany -24.50 Jul/19
Italy -28.00 Jul/19
Switzerland -30.00 Jun/19
United Kingdom -62.90 Jul/19


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