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.

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Euro Area Zew Economic Sentiment Index

Actual Previous Highest Lowest Dates Unit Frequency
61.20 81.30 89.90 -63.70 1999 - 2021 Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-13 09:00 AM Apr 66.3 74 77
2021-05-11 09:00 AM May 84 66.3 65
2021-06-08 09:00 AM Jun 81.3 84 84.9
2021-07-06 09:00 AM Jul 61.2 81.3 78.9
2021-08-10 09:00 AM Aug 61.2 45.6
2021-09-07 09:00 AM Sep
2021-10-12 09:00 AM Oct
2021-11-09 10:00 AM Nov


News Stream
Eurozone Investor Morale Falls to 6-Month Low
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.
2021-07-06
Eurozone Investor Morale Eases in June
The ZEW Indicator of Economic Sentiment for the Euro Area eased by 2.7 points to 81.3 in June of 2021, due to a reassessment of the economic situation, as it returned to pre-pandemic levels. In June, inflation expectations went up by 2.0 points to 79.6, with almost 84 percent of the surveyed analysts expecting higher inflation rates in the coming six months. Meanwhile, the indicator for the current economic situation in the Eurozone increased by 27.0 points to -24.4.
2021-06-08
Eurozone Investor Morale Strongest since 2000
The ZEW Indicator of Economic Sentiment for the Euro Area jumped by 17.7 points to 84 in May of 2021. It was the highest reading since February of 2000, amid optimism around the reopening of the economies as vaccinations gather pace and the third COVID-19 wave is slowing down. In May, 84.5 percent of the surveyed analysts predicted an improvement in economic activity, 15 percent expected no changes while 0.5 percent expected deterioration. Meanwhile, the indicator for the current economic situation in the Eurozone increased by 14.1 points to -51.4 while inflation expectations went up by 2.5 points to 77.6.
2021-05-11
Eurozone Investor Morale Drops in April
The ZEW Indicator of Economic Sentiment for the Euro Area decreased by 7.7 points to 66.3 in April of 2021, the lowest reading since January amid concerns over the resurgence of Covid-19 and related lockdown restrictions. In April, 6.2 percent of the surveyed analysts expected a deterioration in economic activity, 21.3 percent expected no changes while 72.5 percent predicted an improvement. Meanwhile, the indicator for the current economic situation in the Eurozone increased by 4.3 points to -65.5 while inflation expectations dropped by 5.5 points to 75.1.
2021-04-13

Euro Area Zew Economic Sentiment Index
In the Euro Area, 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.