Germany’s ZEW Indicator of Current Conditions jumped to -72.7 in January 2026, marking its highest reading since August and well above market expectations of -75.5. ZEW Current Conditions in Germany averaged -14.47 points from 1991 until 2026, 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 -73.00 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 2027 and -30.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-16 10:00 AM
ZEW Current Conditions
Dec -81.0 -78.7 -80 -76.8
2026-01-20 10:00 AM
ZEW Current Conditions
Jan -72.7 -81.0 -75.5 -77
2026-02-17 10:00 AM
ZEW Current Conditions
Feb -72.7 -71


Related Last Previous Unit Reference
Bankruptcies 2108.00 1940.00 Companies Oct 2025
Ifo Business Climate 87.60 87.60 points Jan 2026
Capacity Utilization 78.00 77.30 percent Dec 2025
Car Production 263500.00 398500.00 Units Dec 2025
Car Registrations 246439.00 250671.00 Units Dec 2025
Changes in Inventories 21.22 17.40 EUR Billion Sep 2025
Composite Leading Indicator 101.28 101.20 points Dec 2025
Corporate Profits 205.48 210.51 EUR Billion Sep 2025
Corruption Index 75.00 78.00 Points Dec 2024
Corruption Rank 15.00 9.00 Dec 2024
Electricity Price 123.05 109.84 EUR/MWh Jan 2026
Factory Orders MoM 5.60 1.60 percent Nov 2025
Ifo Current Conditions 85.70 85.60 points Jan 2026
Ifo Expectations 89.50 89.70 points Jan 2026
Industrial Production 0.80 1.00 percent Nov 2025
Industrial Production MoM 0.80 2.00 percent Nov 2025
Manufacturing Production 1.10 -0.20 percent Nov 2025
Mining Production 4.20 9.40 percent Nov 2025
Natural Gas Stocks Capacity 251.14 251.14 TWh Jan 2026
Natural Gas Stocks Injection 67.82 61.30 GWh/d Jan 2026
Natural Gas Stocks Inventory 81.48 82.72 TWh Jan 2026
Natural Gas Stocks Withdrawal 1320.80 1676.00 GWh/d Jan 2026
New Orders 92.80 87.90 points Nov 2025
New Car Registrations YoY 9.70 2.50 percent Dec 2025
Steel Production 2700.00 2800.00 Thousand Tonnes Dec 2025
ZEW Current Conditions -72.70 -81.00 points Jan 2026
ZEW Economic Sentiment Index 59.60 45.80 points Jan 2026


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
-72.70 -81.00 95.20 -98.50 1991 - 2026 points Monthly
NSA