ZEW Current Conditions index in Germany decreased to -68.60 points in August 2025 from -59.50 points in July, worse than forecasts of -65. ZEW Current Conditions in Germany averaged -13.69 points from 1991 until 2025, reaching an all time high of 95.20 points in January of 2018 and a record low of -98.50 points in November of 1993. source: Centre for European Economic Research (ZEW)

ZEW Current Conditions in Germany is expected to be -66.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany ZEW Current Conditions is projected to trend around -40.00 points in 2026 and -20.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-15 09:00 AM
ZEW Current Conditions
Jul -59.5 -72.0 -66 -71
2025-08-12 09:00 AM
ZEW Current Conditions
Aug -68.6 -59.5 -65 -60
2025-09-16 09:00 AM
ZEW Current Conditions
Sep -68.6 -66


Related Last Previous Unit Reference
Bankruptcies 2036.00 2125.00 Companies May 2025
Ifo Business Climate 89.00 88.60 points Aug 2025
Capacity Utilization 77.10 76.90 percent Sep 2025
Car Production 237600.00 347100.00 Units Aug 2025
Car Registrations 207229.00 264802.00 Units Aug 2025
Changes in Inventories 18.53 15.68 EUR Billion Jun 2025
Composite Leading Indicator 101.21 101.04 points Aug 2025
Corporate Profits 211.46 206.07 EUR Billion Jun 2025
Corruption Index 75.00 78.00 Points Dec 2024
Corruption Rank 15.00 9.00 Dec 2024
Electricity Price 86.13 85.89 EUR/MWh Sep 2025
Factory Orders MoM -2.90 -0.20 percent Jul 2025
Ifo Current Conditions 86.40 86.50 points Aug 2025
Ifo Expectations 91.60 90.80 points Aug 2025
Industrial Production -3.60 -0.20 percent Jun 2025
Industrial Production MoM -1.90 -0.10 percent Jun 2025
Manufacturing Production -4.70 -0.30 percent Jun 2025
Mining Production -7.30 -2.50 percent Jun 2025
Natural Gas Stocks Capacity 249.14 249.14 TWh Sep 2025
Natural Gas Stocks Injection 715.29 636.07 GWh/d Sep 2025
Natural Gas Stocks Inventory 182.08 181.23 TWh Sep 2025
Natural Gas Stocks Withdrawal 3.30 2.70 GWh/d Sep 2025
New Orders 86.90 87.80 points Jun 2025
New Car Registrations YoY 5.00 11.00 percent Aug 2025
Steel Production 2700.00 2700.00 Thousand Tonnes Jul 2025
ZEW Current Conditions -68.60 -59.50 points Aug 2025
ZEW Economic Sentiment Index 34.70 52.70 points Aug 2025

Germany ZEW Current Conditions
In Germany, the ZEW Current Conditions Index measures the level of optimism that analysts have about the current economic situation. 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 economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts see deteriorating economic conditions) up to 100 (all analysts see improving economic conditions). A 0 value indicates neutrality.
Actual Previous Highest Lowest Dates Unit Frequency
-68.60 -59.50 95.20 -98.50 1991 - 2025 points Monthly
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