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.
- חשיבות
- Medium
- פורסם
- Monthly
- הפרסום הבא
- מטבע
- EUR · euro
- בנק מרכזי
- The European Central Bank (with the Bundesbank)
הנתונים האחרונים
הפרסום האחרון, עבור OCT, יצא ב-2026-10-20 ועמד על 28.1. זה מתחת לקונצנזוס של 30. זה ירידה מ-34.7 בפעם הקודמת.
A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
ב-12 הפרסומים האחרונים הערך נע בין -17.2 ל-59.6, בממוצע 25.7.
| פורסם | עבור | בפועל | קונצנזוס | קודם |
|---|---|---|---|---|
| 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 |
למה זה חשוב
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.
איך זה מחושב
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.
מה המשמעות של שינויים
- The expectations component turns first; watch its direction over several months.
- A gap between strong current conditions and weak expectations often marks a peak.
גבוה מהצפוי: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
נמוך מהצפוי: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
היסטוריה קצרה
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.
שאלות
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.
תוכן לימודי בלבד, לא ייעוץ השקעות. הנתונים הם התוצאות שפורסמו כפי שנרשמו ביומן שלנו; תגובות השוק המתוארות אופייניות, לא מובטחות.