Business confidence · Germany

Germany ZEW Economic Sentiment Index

The Germany ZEW Economic Sentiment Index asks companies in Germany how they judge current business conditions and what they expect for the coming months.

اهمیت: Medium
منتشرشده: Monthly
انتشار بعدی: Tue 17 Nov 2026 10:00 UTC
ارز: EUR · euro
بانک مرکزی: The European Central Bank (with the Bundesbank)
اثر بر: EURAUD · EURCAD · EURCHF · EURDKK · EURGBP · EURHKD · EURHUF · EURJPY

آخرین ارقام

آخرین انتشار، برای OCT، در 2026-10-20 منتشر شد و 28.1 بود. این پایین‌تر از اجماع 30 است. این کمتر از 34.7 در دفعه قبل است.

A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.

در 12 انتشار اخیر بین -17.2 و 59.6 بود، با میانگین 25.7.

نتایج واقعی؛ خط کوتاه روی هر ستون، اجماع را نشان می‌دهد.

منتشرشده	برای	واقعی	پیش‌بینی	قبلی
20 Oct 2026	OCT	28.1	30	34.7
15 Sep 2026	SEP	34.7	37	34.2
18 Aug 2026	AUG	34.2	30	26.3
21 Jul 2026	JUL	26.3	18	10.5
16 Jun 2026	JUN	10.5	-6	-10.2
12 May 2026	MAY	-10.2	-19.8	-17.2
21 Apr 2026	APR	-17.2	-5	-0.5
17 Mar 2026	MAR	-0.5	39	58.3
17 Feb 2026	FEB	58.3	65	59.6
20 Jan 2026	JAN	59.6	50	45.8
16 Dec 2025	DEC	45.8	38.5	38.5
11 Nov 2025	NOV	38.5	40	39.3

در تقویم اقتصادی ببینید ←

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 Economic Sentiment Index?

The Germany ZEW Economic Sentiment Index asks companies in Germany how they judge current business conditions and what they expect for the coming months.

What was the latest Germany ZEW Economic Sentiment Index?

28.1 for OCT, published on 20 October 2026 (consensus 30, previous 34.7).

When is the next Germany ZEW Economic Sentiment Index?

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.