Business confidence · Germany
Germany ZEW Current Conditions
The Germany ZEW Current Conditions asks companies in Germany how they judge current business conditions and what they expect for the coming months.
- اهمیت
- Medium
- منتشرشده
- Monthly
- انتشار بعدی
- ارز
- EUR · euro
- بانک مرکزی
- The European Central Bank (with the Bundesbank)
آخرین ارقام
آخرین انتشار، برای OCT، در 2026-10-20 منتشر شد و -35.9 بود. این بالاتر از اجماع -45 است. این بیشتر از -47.1 در دفعه قبل است.
A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
در 12 انتشار اخیر بین -81.0 و -35.9 بود، با میانگین -68.0. سه انتشار پیاپی افزایش داشته است.
| منتشرشده | برای | واقعی | پیش‌بینی | قبلی |
|---|---|---|---|---|
| 20 Oct 2026 | OCT | -35.9 | -45 | -47.1 |
| 15 Sep 2026 | SEP | -47.1 | -52.2 | -61.1 |
| 18 Aug 2026 | AUG | -61.1 | -69.5 | -77.6 |
| 21 Jul 2026 | JUL | -77.6 | -77.8 | -81.0 |
| 16 Jun 2026 | JUN | -81.0 | -78 | -77.8 |
| 12 May 2026 | MAY | -77.8 | -77.5 | -73.7 |
| 21 Apr 2026 | APR | -73.7 | -70 | -62.9 |
| 17 Mar 2026 | MAR | -62.9 | -67.3 | -65.9 |
| 17 Feb 2026 | FEB | -65.9 | -65.7 | -72.7 |
| 20 Jan 2026 | JAN | -72.7 | -75.5 | -81.0 |
| 16 Dec 2025 | DEC | -81.0 | -80 | -78.7 |
| 11 Nov 2025 | NOV | -78.7 | -77.5 | -80.0 |
چرا مهم است
Confidence leads hiring and investment decisions, so these surveys often turn before the hard data. Germany's Ifo and ZEW, and Japan's Tankan, are among the most market-moving releases for the euro and the yen.
روش محاسبه
Survey answers (better/same/worse) are turned into a balance (positive minus negative answers) or an index around a long-run average of 100; the release separates current conditions from expectations.
تغییرات چه معنایی دارند
- The expectations component turns first; watch its direction over several months.
- A gap between strong current conditions and weak expectations often marks a peak.
بالاتر از انتظار: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
پایین‌تر از انتظار: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
تاریخچه‌ای کوتاه
Business tendency surveys began in Germany (Ifo) and other European countries after the Second World War; the Bank of Japan's Tankan has been run for decades, and the ZEW financial-expert survey since 1991.
پرسش‌ها
What is the Germany ZEW Current Conditions?
The Germany ZEW Current Conditions asks companies in Germany how they judge current business conditions and what they expect for the coming months.
What was the latest Germany ZEW Current Conditions?
-35.9 for OCT, published on 20 October 2026 (consensus -45, previous -47.1).
When is the next Germany ZEW Current Conditions?
On Tuesday 17 November 2026 at 10:00 UTC.
فقط محتوای آموزشی است، نه توصیه سرمایه‌گذاری. ارقام نتایج منتشرشده‌اند که تقویم ما ثبت کرده است؛ واکنش‌های بازار که توصیف شده‌اند معمول‌اند، نه تضمینی.