ZEW Survey – Economic Sentiment

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. A positive number means that the share of optimists outweighs the share of pessimists. usually, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

Most recent - Tuesday 12 November 2024 10:00

Previous
20.1
Forecast
20.5
Actual
12.5

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Tuesday 17 December 2024 10:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for ZEW Survey – Economic Sentiment yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ZEW Survey – Economic Sentiment was 12.5 against a forecast of 20.5.

Past events

Date
Forecast
Actual
Tuesday 12 November 2024 10:00
20.5
12.5
Tuesday 15 October 2024 09:00
16.9
20.1
Tuesday 17 September 2024 09:00
17.6
9.3
Tuesday 13 August 2024 09:00
35.4
17.9
Tuesday 16 July 2024 09:00
48.1
43.7
Tuesday 18 June 2024 09:00
47.8
51.3
Tuesday 14 May 2024 09:00
46.1
47
Tuesday 16 April 2024 09:00
37.2
43.9
Tuesday 19 March 2024 10:00
25.4
33.5
Tuesday 13 February 2024 10:00
20.1
25
Tuesday 16 January 2024 10:00
21.9
22.7
Tuesday 12 December 2023 10:00
12
23
Tuesday 14 November 2023 10:00
-
13.8
Tuesday 17 October 2023 09:00
-8
2.3
Tuesday 12 September 2023 09:00
-
-8.9
Tuesday 15 August 2023 09:00
-12
-5.5
Tuesday 11 July 2023 09:00
-10.2
-12.2
Tuesday 13 June 2023 09:00
-1.5
-10
Tuesday 16 May 2023 09:00
8.2
-9.4
Tuesday 18 April 2023 09:00
19.8
6.4
Tuesday 21 March 2023 10:00
23.2
10
Tuesday 21 February 2023 10:00
-29.7
29.7
Tuesday 17 January 2023 10:00
-61.5
16.7
Tuesday 13 December 2022 10:00
-25.7
-23.6
Tuesday 15 November 2022 10:00
-67
-38.7
Tuesday 18 October 2022 09:00
-60.6
-59.7
Tuesday 13 September 2022 09:00
-52
-60.7
Tuesday 16 August 2022 09:00
-42.5
-54.9
Tuesday 12 July 2022 09:00
-32.8
-51.1
Tuesday 14 June 2022 09:00
-24.3
-28
Tuesday 10 May 2022 09:00
-41
-29.5
Tuesday 12 April 2022 09:00
0.2
-43
Tuesday 15 March 2022 10:00
49.3
-38.7
Tuesday 15 February 2022 10:00
38.4
48.6
Tuesday 18 January 2022 10:00
26.4
49.4

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next ZEW Survey – Economic Sentiment result:

PreviousLatest
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)(no change)0.4%0.4%
Gross Domestic Product s.a. (YoY)(no change)0.9%0.9%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-4.3%-4.5%
Industrial Production s.a. (MoM)Bullish change-2%-1%
Retail Sales (MoM)Bearish change0.5%-0.5%
Retail Sales (YoY)Bearish change3%1.9%
Factory Orders n.s.a. (YoY)Bullish change4.2%5.7%
Factory Orders s.a. (MoM)Bearish change7.2%-1.5%
Producer Price Index (MoM)Bullish change-0.6%0.4%
Producer Price Index (YoY)Bullish change-3.4%-3.2%
HCOB Composite PMIBullish change48.148.3
HCOB Composite PMIBearish change47.347.2
HCOB Services PMIBearish change49.449.3
HCOB Services PMIBearish change54.953.1
Unemployment Rate(no change)6.3%6.3%
Gross Domestic Product (QoQ)(no change)0%0%
Gross Domestic Product (YoY)(no change)0.4%0.4%
HCOB Manufacturing PMIBearish change43.243
HCOB Manufacturing PMIBearish change46.944.5
HCOB Manufacturing PMIBearish change54.553.1
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bullish change2.7%2.8%
Harmonized Index of Consumer Prices (MoM)Bearish change0.3%-0.3%
Harmonized Index of Consumer Prices (YoY)Bullish change2%2.3%
Consumer Price Index (EU Norm) (YoY)Bullish change1%1.6%
Consumer Price Index (YoY)Bullish change0.9%1.4%
Unemployment ChangeBullish change27K7K
Unemployment Rate s.a.(no change)6.1%6.1%
Consumer Price Index (EU norm) (YoY)Bullish change1.6%1.7%
Retail Sales (MoM)Bearish change1.6%-1.5%
Retail Sales (YoY)Bearish change1.4%1%
Consumer Price Index (MoM)Bearish change0.4%-0.2%
Consumer Price Index (YoY)Bullish change2%2.2%
Harmonized Index of Consumer Prices (MoM)Bearish change0.4%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Business ClimateBullish change-0.93-0.77
Consumer ConfidenceBearish change-12.4-13.7
Economic Sentiment IndicatorBullish change95.795.8
Harmonized Index of Consumer Prices (YoY)Bullish change1.8%2.4%
GfK Consumer Confidence SurveyBearish change-18.4-23.3
IFO – Business ClimateBearish change86.585.7
IFO – Current AssessmentBearish change85.784.3
IFO – ExpectationsBearish change87.387.2

About ZEW Survey – Economic Sentiment

Country:Eurozone
Currency:EUR
Source:ZEW - Leibniz Centre for European Economic Research
Category:Economic Activity
Frequency:Monthly

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