The ZEW Indicator of Economic Sentiment for Germany rose by 12.4 points from the previous month to 63.4 in June 2020, the highest reading since March 2006 and above market expectations of 60.0, amid growing expectations that the economy will bottom out by summer 2020. Still, investors continue to expect only a slow increase in economic value added in the second half of the year. By sectors, forecasts were fairly positive for information technologies, telecommunications and consumer-oriented services, while earnings expectations were strongly negative for export-oriented sectors such as automotive and mechanical engineering, as well as the financial sector. Meanwhile, the assessment of the current economic situation also improved for the first time since January, with the corresponding indicator increasing 10.4 points to -83.1.
Zew Economic Sentiment Index in Germany averaged 21.26 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 July of 2020. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Germany is expected to be 55.00 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 1.00 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.