The ZEW Indicator of Economic Sentiment for Germany unexpectedly jumped to 15.7 in December 2024, the highest in four months, compared to 7.4 in November and beating forecasts of 6.5. “With snap elections ahead in Germany and the resulting expectations of an economic policy encouraging private investment as well as the prospect of further interest-rate cuts, the economic outlook is improving,” ZEW President Achim Wambach said. On the other hand, the assessment of the current economic situation continued to deteriorate, with the current conditions gauge declining to -93.1 from -91.4, compared to forecasts of -93. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index in Germany increased to 15.70 points in December from 7.40 points in November of 2024. ZEW Economic Sentiment Index in Germany averaged 20.94 points from 1991 until 2024, 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 2025.

ZEW Economic Sentiment Index in Germany increased to 15.70 points in December from 7.40 points in November of 2024. ZEW Economic Sentiment Index in Germany is expected to be 6.90 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 7.00 points in 2025 and 1.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-12 10:00 AM
ZEW Economic Sentiment Index
Nov 7.4 13.1 13 12.9
2024-12-17 10:00 AM
ZEW Economic Sentiment Index
Dec 15.7 7.4 6.5 6.9
2025-01-21 10:00 AM
ZEW Economic Sentiment Index
Jan 15.7

Components Last Previous Unit Reference
ZEW Current Conditions -93.10 -91.40 points Dec 2024

Related Last Previous Unit Reference
Bankruptcies 1819.00 1764.00 Companies Sep 2024
Ifo Business Climate 84.70 85.60 points Dec 2024
Capacity Utilization 76.30 77.40 percent Dec 2024
Car Production 232900.00 402400.00 Units Dec 2024
Car Registrations 224721.00 244544.00 Units Dec 2025
Changes in Inventories 6.80 -0.55 EUR Billion Sep 2024
Composite Leading Indicator 100.37 100.31 points Nov 2024
Corporate Profits 207.93 215.69 EUR Billion Sep 2024
Corruption Index 78.00 79.00 Points Dec 2023
Corruption Rank 9.00 9.00 Dec 2023
Electricity Price 103.66 108.45 EUR/MWh Jan 2025
Factory Orders MoM -5.30 -1.40 percent Nov 2024
Ifo Current Conditions 85.10 84.30 points Dec 2024
Ifo Expectations 84.40 87.00 points Dec 2024
Industrial Production -2.80 -4.20 percent Nov 2024
Industrial Production MoM 1.50 -0.40 percent Nov 2024
Manufacturing Production -3.10 -4.30 percent Nov 2024
Mining Production 3.90 -0.20 percent Nov 2024
Natural Gas Stocks Capacity 251.51 251.51 TWh Jan 2025
Natural Gas Stocks Injection 9.10 13.07 GWh/d Jan 2025
Natural Gas Stocks Inventory 189.96 191.91 TWh Jan 2025
Natural Gas Stocks Withdrawal 1955.90 1353.40 GWh/d Jan 2025
New Orders 89.00 90.40 points Nov 2024
New Car Registrations YoY -7.10 -0.50 percent Dec 2024
Steel Production 2900.00 3200.00 Thousand Tonnes Nov 2024
ZEW Economic Sentiment Index 15.70 7.40 points Dec 2024

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
15.70 7.40 89.60 -63.90 1991 - 2024 points Monthly
NSA


News Stream
German Investor Morale Surprises on the Upside
The ZEW Indicator of Economic Sentiment for Germany unexpectedly jumped to 15.7 in December 2024, the highest in four months, compared to 7.4 in November and beating forecasts of 6.5. “With snap elections ahead in Germany and the resulting expectations of an economic policy encouraging private investment as well as the prospect of further interest-rate cuts, the economic outlook is improving,” ZEW President Achim Wambach said. On the other hand, the assessment of the current economic situation continued to deteriorate, with the current conditions gauge declining to -93.1 from -91.4, compared to forecasts of -93.
2024-12-17
German Investor Morale Disappoints
The ZEW Indicator of Economic Sentiment for Germany fell to 7.4 in November 2024 from 13.1 in October, and well below forecasts of 13, weighed down by Donald Trump’s victory and the collapse of the German government coalition. The assessment of the current economic situation also deteriorated, with the current conditions gauge declining to -91.4 from -86.9, compared to forecasts of -85.9. "In the current survey, economic sentiment has declined - and the outcome of the US presidential election is likely to be the main reason for this. The fact that economic expectations for the US are clearly rising, while economic sentiment for China and the eurozone is falling, supports this view. Still, more optimistic voices were heard in the last survey days, expecting economic prospects for Germany to improve with snap elections on the horizon. Overall, what we’re currently observing is a very dynamic development of economic expectations,” according to ZEW President Professor Achim Wambach.
2024-11-12
German Investor Morale Improves
The ZEW Indicator of Economic Sentiment for Germany soared to 13.1 in October 2024 from 3.6 in September which was the lowest level since October 2023, beating forecasts of 10. The rise is mostly due to "expectation of stable inflation rates and the associated prospect of further interest rate cuts by the ECB. Positive signals are also coming from Germany’s export markets. Economic expectations for the eurozone, the USA, and China have also significantly improved. The increased optimism for China is likely linked to the Chinese government’s economic stimulus measures", according to the ZEW President Professor Achim Wambach. On the other hand, the assessment of the economic situation in Germany continued to worsen (-86.9, the lowest since May 2020 vs -84.5 in September)
2024-10-15