The ZEW Indicator of Economic Sentiment for the Euro Area fell by 11 points from the prior month to 25.1 in August 2025, below market estimates of 28.1. In August, about 55.9% of the surveyed analysts expected no changes in economic activity, 34.6% predicted improvement and 9.5% anticipated a deterioration. In the meantime, the indicator of the current economic situation decreased by 7 points to -31.2 and inflation expectations went down by 0.9 points to -6.7. source: Centre for European Economic Research (ZEW)

ZEW Economic Sentiment Index In the Euro Area decreased to 25.10 points in August from 36.10 points in July of 2025. ZEW Economic Sentiment Index in Euro Area averaged 21.65 points from 1999 until 2025, reaching an all time high of 89.90 points in January of 2000 and a record low of -63.70 points in July of 2008. This page provides the latest reported value for - Euro Area Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area ZEW Economic Sentiment Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

ZEW Economic Sentiment Index In the Euro Area decreased to 25.10 points in August from 36.10 points in July of 2025. ZEW Economic Sentiment Index in Euro Area is expected to be 24.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area ZEW Economic Sentiment Index is projected to trend around 4.00 points in 2026 and 9.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-15 09:00 AM
ZEW Economic Sentiment Index
Jul 36.1 35.3 37.8 30
2025-08-12 09:00 AM
ZEW Economic Sentiment Index
Aug 25.1 36.1 28.1 30
2025-09-16 09:00 AM
ZEW Economic Sentiment Index
Sep 25.1 24


Related Last Previous Unit Reference
Bankruptcies QoQ 1.70 -1.50 percent Jun 2025
Business Confidence -0.72 -0.71 points Aug 2025
Capacity Utilization 77.80 77.80 percent Sep 2025
Car Registrations 757564.00 721275.00 Units Jul 2025
Changes in Inventories 31.09 14.32 EUR Billion Jun 2025
Industrial Production YoY 0.20 3.10 percent Jun 2025
Industrial Production MoM -1.30 1.10 percent Jun 2025
Industrial Sentiment -10.30 -10.50 points Aug 2025
Manufacturing Production -0.20 3.20 percent Jun 2025
Mining Production 2.40 1.20 percent Jun 2025
Services Sentiment 3.60 4.10 points Aug 2025
ZEW Economic Sentiment Index 25.10 36.10 points Aug 2025

Euro Area ZEW Economic Sentiment Index
In the Euro Area, 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
25.10 36.10 89.90 -63.70 1999 - 2025 points Monthly

News Stream
Eurozone Investor Morale Falls More than Expected
The ZEW Indicator of Economic Sentiment for the Euro Area fell by 11 points from the prior month to 25.1 in August 2025, below market estimates of 28.1. In August, about 55.9% of the surveyed analysts expected no changes in economic activity, 34.6% predicted improvement and 9.5% anticipated a deterioration. In the meantime, the indicator of the current economic situation decreased by 7 points to -31.2 and inflation expectations went down by 0.9 points to -6.7.
2025-08-12
Eurozone Investor Morale Rises Less than Anticipated
The ZEW Indicator of Economic Sentiment for the Euro Area rose by 0.8 points from the prior month to 36.1 in July 2025, the highest reading in four months, though missing market estimates of 37.8. In July, about 48.1% of the surveyed analysts expected no changes in economic activity, 44% predicted improvement and 7.9% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 6.5 points to -24.2 and inflation expectations rose by 8.9 points to -5.8.
2025-07-15
Eurozone Investor Morale Rises More than Expected
The ZEW Indicator of Economic Sentiment for the Euro Area surged by 23.7 points from the prior month to 35.3 in June 2025, well above expectations of 23.5. In June, about 49.7% of the surveyed analysts expected no changes in economic activity, 42.8% saw an improvement and 7.5% anticipated a deterioration. In the meantime, the indicator of the current economic situation increased by 11.7 points to -30.7 and inflation expectations rose by 3.4 points to -14.7.
2025-06-17