The ZEW Indicator of Economic Sentiment for the Euro Area fell by 20.1 points to 61.2 in July of 2021. It was the lowest reading since January, amid concerns over the Covid-19 resurgence in Europe despite the good progress in vaccination. In July, 4.4 percent of the surveyed analysts expected a deterioration in economic activity, 30 percent expected no changes while 65.6 percent predicted an improvement. Meanwhile, the indicator for the current economic situation in the Eurozone climbed by 30.4 points to 6 while inflation expectations dropped by 10 points to 69.6. source: Centre for European Economic Research (ZEW)
Zew Economic Sentiment Index in the Euro Area averaged 24.13 from 1999 until 2021, reaching an all time high of 89.90 in January of 2000 and a record low of -63.70 in July of 2008. This page provides the latest reported value for - Euro Area Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Zew Economic Sentiment Index - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Zew Economic Sentiment Index in Euro Area is expected to be 38.00 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 Euro Area to stand at 12.00 in 12 months time. In the long-term, the Euro Area Zew Economic Sentiment Index is projected to trend around 15.00 in 2022 and 9.00 in 2023, according to our econometric models.