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.

重要性: Medium
发布时间: Monthly
下次发布: Tue 17 Nov 2026 10:00 UTC
货币: EUR · euro
中央银行: The European Central Bank (with the Bundesbank)
影响: EURAUD · EURCAD · EURCHF · EURDKK · EURGBP · EURHKD · EURHUF · EURJPY

最新数据

最新一期（OCT）于 2026-10-20 公布，数值为 28.1。低于 30 的市场预期。低于上次的 34.7。

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

最近 12 次公布中介于 -17.2 至 59.6，平均 25.7。

实际结果；柱上的短线标示市场预期。

发布时间	期限	实际值	预期值	前值
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

在财经日历中查看 →

为何重要

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.

计算方法

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.

变化意味着什么

The expectations component turns first; watch its direction over several months.
A gap between strong current conditions and weak expectations often marks a peak.

高于预期：A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.

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

简史

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.

问题

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.

仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。