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Germany ZEW economic sentiment

How financial analysts see Germany's economy six months ahead.

We'll tell you 15 minutes before each release and when the figure is out.

Latest release

Tue, September 15, 2026 · 05:00 · September

34.7Below forecast

Forecast 37Previous 34.2

Next release

Tue, October 20, 2026 · 05:00 · October

2d 5h

Forecast 31.6Previous 34.7

Recent releases (Index)

October: 13.1 · Forecast 10Oct 24November: 7.4 · Forecast 13December: 15.7 · Forecast 6.5January: 10.3 · Forecast 15.3Jan 25February: 26 · Forecast 20March: 51.6 · Forecast 48.1April: -14 · Forecast 9.5Apr 25May: 25.2 · Forecast 11.9June: 47.5 · Forecast 35July: 52.7 · Forecast 50.3Jul 25August: 34.7 · Forecast 40September: 37.3 · Forecast 26.3October: 39.3 · Forecast 40.5Oct 25November: 38.5 · Forecast 40December: 45.8 · Forecast 38.5January: 59.6 · Forecast 50Jan 26February: 58.3 · Forecast 65March: -0.5 · Forecast 39April: -17.2 · Forecast -5Apr 26May: -10.2 · Forecast -19.8June: 10.5 · Forecast -6July: 26.3 · Forecast 18Jul 26August: 34.2 · Forecast 30September: 34.7 · Forecast 37Sep 2634.7
ActualForecast

Market memory

56 releases over the last 5 years: how the related markets closed on each release day. A release after the close counts for the next session.

DAX

Moved 0.76% on average on release days, against 0.77% on an ordinary day.

  • When above forecast (33x)-0.06% · up days 14/33
  • When below forecast (23x)+0.12% · up days 13/23

Recent release days

Sep 15, 26 -0.15%Aug 18, 26 -0.80%Jul 21, 26 +0.66%Jun 16, 26 +0.07%May 12, 26 -1.62%Apr 21, 26 -0.60%

EUR/USD

Moved 0.30% on average on release days, against 0.35% on an ordinary day.

  • When above forecast (33x)+0.02% · up days 16/33
  • When below forecast (23x)-0.03% · up days 12/23

Recent release days

Sep 15, 26 -0.39%Aug 18, 26 +0.08%Jul 21, 26 -0.08%Jun 16, 26 -0.08%May 12, 26 +0.09%Apr 21, 26 +0.37%

Past reactions are no indication of future price moves; other news on the same days may have moved prices too. Not investment advice.

Past releases

DatePeriodActualForecastPrevious
Sep 15, 2026September34.73734.2
Aug 18, 2026August34.23026.3
Jul 21, 2026July26.31810.5
Jun 16, 2026June10.5-6-10.2
May 12, 2026May-10.2-19.8-17.2
Apr 21, 2026April-17.2-5-0.5
Mar 17, 2026March-0.53958.3
Feb 17, 2026February58.36559.6
Jan 20, 2026January59.65045.8
Dec 16, 2025December45.838.538.5
Nov 11, 2025November38.54039.3
Oct 14, 2025October39.340.537.3
Sep 16, 2025September37.326.334.7
Aug 12, 2025August34.74052.7
Jul 15, 2025July52.750.347.5
Jun 17, 2025June47.53525.2
May 13, 2025May25.211.9-14
Apr 15, 2025April-149.551.6
Mar 18, 2025March51.648.126
Feb 18, 2025February262010.3
Jan 21, 2025January10.315.315.7
Dec 17, 2024December15.76.57.4
Nov 12, 2024November7.41313.1
Oct 15, 2024October13.1103.6

More from Germany

Germany inflationGermany Ifo business climateGermany GDP growth

Data compiled by MakklerFinn; figures are published by the official bodies concerned. Times are New York time.

For information only, not investment advice.