The ZEW Indicator of Economic Sentiment for Germany rose sharply by 40.2 points from a month earlier to +16.9 in January 2023, returning into positive territory for the first time since February and remaining comfortably above market expectations of -15.0. The latest reading suggested the economic outlook for Europe's largest economy has improved significantly, likely due to a more favorable situation in the energy markets after the German government introduced energy price caps. In addition, export conditions improved after China’s lifted Covid-restrictions, and investors hope that inflation rates will continue to fall. About 41.6 percent of the surveyed analysts predicted an acceleration in economic activity over the coming months, while 33.7 percent of them expected no changes and 24.7 percent expected it to get worse. Meanwhile, the gauge measuring the current economic situation rose slightly by 2.8 points to -58.6. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index in Germany averaged 21.39 points from 1991 until 2023, reaching an all time high of 89.60 points in January of 2000 and a record low of -63.90 points 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 January of 2023.

ZEW Economic Sentiment Index in Germany is expected to be 28.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany ZEW Economic Sentiment Index is projected to trend around 21.50 points in 2024 and 7.00 points in 2025, according to our econometric models.

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Germany ZEW Economic Sentiment Index



Calendar GMT Actual Previous Consensus TEForecast
2022-12-13 10:00 AM Dec -23.3 -36.7 -26.4 -27
2023-01-17 10:00 AM Jan 16.9 -23.3 -15 -16
2023-02-21 10:00 AM Feb 16.9 25.1


Related Last Previous Unit Reference
ZEW Economic Sentiment Index 16.90 -23.30 points Jan 2023
ZEW Current Conditions -58.60 -61.40 points Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
16.90 -23.30 89.60 -63.90 1991 - 2023 points Monthly
NSA

News Stream
German Investor Morale Strongest in 11 Months
The ZEW Indicator of Economic Sentiment for Germany rose sharply by 40.2 points from a month earlier to +16.9 in January 2023, returning into positive territory for the first time since February and remaining comfortably above market expectations of -15.0. The latest reading suggested the economic outlook for Europe's largest economy has improved significantly, likely due to a more favorable situation in the energy markets after the German government introduced energy price caps. In addition, export conditions improved after China’s lifted Covid-restrictions, and investors hope that inflation rates will continue to fall. About 41.6 percent of the surveyed analysts predicted an acceleration in economic activity over the coming months, while 33.7 percent of them expected no changes and 24.7 percent expected it to get worse. Meanwhile, the gauge measuring the current economic situation rose slightly by 2.8 points to -58.6.
2023-01-17
German Investor Sentiment at 10-Month High
The ZEW Indicator of Economic Sentiment for Germany increased to -23.3 in December of 2022 from -36.7 in November, beating market forecasts of -26.4. It is the highest reading since February, as the economic outlook improved slightly helped by a stabilization on the energy markets and as inflation rate is expected to decline in the coming months which in turn fuelled bets the ECB could tighten monetary policy for a shorter period. The current conditions gauge also improved to -61.4 from -64.5.
2022-12-13
German Investor Morale Improves in November
The ZEW Indicator of Economic Sentiment for Germany rose sharply by 22.5 points to -36.7 in November 2022, the highest since June and above market expectations of -50.0. The latest reading suggested the economic outlook for Germany has improved significantly compared to October, likely due to hopes that inflation rates will fall soon and policymakers will not have to tighten monetary policy as hard and/or for as long as feared. About 50.8 percent of the surveyed analysts predicted a deterioration in economic activity over the coming months, while 14.1 percent of them expected it to get better and 35.1 percent expected no changes. Meanwhile, the assessment of the economic situation in Germany has also improved, with the corresponding indicator rising 7.7 points to -64.5.
2022-11-15