Economic Calendar
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. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).
Country:Germany
Currency:EUR
Frequency:Month
Next Event -
Previous
45.8
Consensus
49
The typical/expected impact on EUR pairs is Medium.
Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
Most Recent -
Consensus
38.5
Actual
45.8
Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
Past Events
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 16 December 2025 | 10:00 | 45.8 | 38.5 |
| 11 November 2025 | 10:00 | 38.5 | 40 |
| 14 October 2025 | 09:00 | 39.3 | 40.5 |
| 16 September 2025 | 09:00 | 37.3 | 27.3 |
| 12 August 2025 | 09:00 | 34.7 | 40 |
| 15 July 2025 | 09:00 | 52.7 | 50 |
| 17 June 2025 | 09:00 | 47.5 | 35 |
| 13 May 2025 | 09:00 | 25.2 | 11.9 |
| 15 April 2025 | 09:00 | -14 | 9.3 |
| 18 March 2025 | 10:00 | 51.6 | 48.1 |
| 18 February 2025 | 10:00 | 26 | 15.5 |
| 21 January 2025 | 10:00 | 10.3 | 15.3 |
| 17 December 2024 | 10:00 | 15.7 | 6.2 |
| 12 November 2024 | 10:00 | 7.4 | 12.8 |
| 15 October 2024 | 09:00 | 13.1 | 10 |
| 17 September 2024 | 09:00 | 3.6 | 17.1 |
| 13 August 2024 | 09:00 | 19.2 | 38 |
| 16 July 2024 | 09:00 | 41.8 | 42.5 |
| 18 June 2024 | 09:00 | 47.5 | 50 |
| 14 May 2024 | 09:00 | 47.1 | 46.3 |