The ZEW Indicator of Economic Sentiment for Germany dropped by 21.3 points from the previous month to 56.1 in October 2020, from the previous month's over 20-year high and well below market expectations of 73. Investors voiced concerns about the recent sharp rise in the number of COVID-19 cases and the prospect of the UK leaving the EU without a trade deal. The current situation in the run-up to the presidential election in the US further fuels uncertainty. By contrast, the assessment of the economic situation in Germany improved again, and currently stands at -59.5 points, 6.7 points higher than in September.
Zew Economic Sentiment Index in Germany averaged 21.78 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 October of 2020. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in Germany is expected to be 2.00 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 11.00 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.