Next release Tuesday, 17 November 2026, 05:00 New York. Every release since 19 Jan 2016: 130 on record, actual against forecast. High impact for the EUR. Updated within the hour of each release.
The last German ZEW Economic Sentiment Index (Oct. 2026, released 20 Oct 2026) came in at 28.1, below the 30 forecast; the previous reading was 34.7. The next German ZEW Economic Sentiment Index is due Tuesday, 17 November 2026 at 05:00 New York time (Nov. 2026).
Since 2016, German ZEW Economic Sentiment Index has come in above forecast 52% of the time and below 47% (130 releases with a forecast); over the last 12 it beat 50%. It has now come in below forecast 2 releases in a row.
The average miss against forecast over the last 24 releases was 9.19: higher than expected is good for the EUR.
| Released | Period | Actual | Forecast | Previous | Vs forecast |
|---|---|---|---|---|---|
| 20 Oct 2026 05:00 | Oct. 2026 | 28.1 | 30 | 34.7 | below |
| 15 Sept 2026 05:00 | Sep. 2026 | 34.7 | 40 | 34.2 | below |
| 18 Aug 2026 05:00 | Aug. 2026 | 34.2 | 30 | 26.3 | above |
| 21 Jul 2026 05:00 | Jul. 2026 | 26.3 | 17.5 | 10.5 | above |
| 16 Jun 2026 05:00 | Jun. 2026 | 10.5 | -6 | -10.2 | above |
| 12 May 2026 05:00 | May. 2026 | -10.2 | -19.8 | -17.2 | above |
| 21 Apr 2026 05:00 | Apr. 2026 | -17.2 | -5 | -0.5 | below |
| 17 Mar 2026 06:00 | Mar. 2026 | -0.5 | 39 | 58.3 | below |
| 17 Feb 2026 05:00 | Feb. 2026 | 58.3 | 65 | 59.6 | below |
| 20 Jan 2026 05:00 | Jan. 2026 | 59.6 | 50 | 45.8 | above |
| 16 Dec 2025 05:00 | Dec. 2025 | 45.8 | 38.7 | 38.5 | above |
| 11 Nov 2025 05:00 | Nov. 2025 | 38.5 | 41 | 39.3 | below |
| 14 Oct 2025 05:00 | Oct. 2025 | 39.3 | 41 | 37.3 | below |
| 16 Sept 2025 05:00 | Sep. 2025 | 37.3 | 26.3 | 34.7 | above |
| 12 Aug 2025 05:00 | Aug. 2025 | 34.7 | 39.8 | 52.7 | below |
| 15 Jul 2025 05:00 | Jul. 2025 | 52.7 | 50.3 | 47.5 | above |
| 17 Jun 2025 05:00 | Jun. 2025 | 47.5 | 35 | 25.2 | above |
| 13 May 2025 05:00 | May. 2025 | 25.2 | 11.9 | -14 | above |
| 15 Apr 2025 05:00 | Apr. 2025 | -14 | 9.5 | 51.6 | below |
| 18 Mar 2025 06:00 | Mar. 2025 | 51.6 | 50.3 | 26 | above |
| 18 Feb 2025 05:00 | Feb. 2025 | 26 | 20 | 10.3 | above |
| 21 Jan 2025 05:00 | Jan. 2025 | 10.3 | 15.3 | 15.7 | below |
| 17 Dec 2024 05:00 | Dec. 2024 | 15.7 | 6.5 | 7.4 | above |
| 12 Nov 2024 05:00 | Nov. 2024 | 7.4 | 13 | 13.1 | below |
| 15 Oct 2024 05:05 | Oct. 2024 | 13.1 | 10 | 3.6 | above |
| 17 Sept 2024 05:00 | Sep. 2024 | 3.6 | 17 | 19.2 | below |
| 13 Aug 2024 05:00 | Aug. 2024 | 19.2 | 32 | 41.8 | below |
| 16 Jul 2024 05:00 | Jul. 2024 | 41.8 | 42.3 | 47.5 | below |
| 18 Jun 2024 05:00 | Jun. 2024 | 47.5 | 49.8 | 47.1 | below |
| 14 May 2024 05:00 | May. 2024 | 47.1 | 46 | 42.9 | above |
| 16 Apr 2024 05:00 | Apr. 2024 | 42.9 | 35 | 31.7 | above |
| 19 Mar 2024 06:00 | Mar. 2024 | 31.7 | 20.5 | 19.9 | above |
| 13 Feb 2024 05:00 | Feb. 2024 | 19.9 | 17.5 | 15.2 | above |
| 16 Jan 2024 05:00 | Jan. 2024 | 15.2 | 12 | 12.8 | above |
| 12 Dec 2023 05:00 | Dec. 2023 | 12.8 | 8.8 | 9.8 | above |
| 14 Nov 2023 05:00 | Nov. 2023 | 9.8 | 5 | -1.1 | above |
| 17 Oct 2023 05:00 | Oct. 2023 | -1.1 | -9.3 | -11.4 | above |
| 12 Sept 2023 05:00 | Sep. 2023 | -11.4 | -15 | -12.3 | above |
| 15 Aug 2023 05:00 | Aug. 2023 | -12.3 | -14.7 | -14.7 | above |
| 11 Jul 2023 05:00 | Jul. 2023 | -14.7 | -10.5 | -8.5 | below |
| 13 Jun 2023 05:00 | Jun. 2023 | -8.5 | -13.1 | -10.7 | above |
| 16 May 2023 05:00 | May. 2023 | -10.7 | -5.3 | 4.1 | below |
| 18 Apr 2023 05:00 | Apr. 2023 | 4.1 | 15.3 | 13 | below |
| 21 Mar 2023 06:00 | Mar. 2023 | 13 | 17.1 | 28.1 | below |
| 21 Feb 2023 05:00 | Feb. 2023 | 28.1 | 22 | 16.9 | above |
| 17 Jan 2023 05:00 | Jan. 2023 | 16.9 | -15 | -23.3 | above |
| 13 Dec 2022 05:00 | Dec. 2022 | -23.3 | -26.4 | -36.7 | above |
| 15 Nov 2022 05:00 | Nov. 2022 | -36.7 | -50 | -59.2 | above |
| 18 Oct 2022 05:00 | Oct. 2022 | -59.2 | -65.7 | -61.9 | above |
| 13 Sept 2022 05:00 | Sep. 2022 | -61.9 | -60 | -55.3 | below |
| 16 Aug 2022 05:00 | Aug. 2022 | -55.3 | -53.8 | -53.8 | below |
| 12 Jul 2022 05:00 | Jul. 2022 | -53.8 | -38.3 | -28 | below |
| 14 Jun 2022 05:00 | Jun. 2022 | -28 | -27.5 | -34.3 | below |
| 10 May 2022 05:00 | May. 2022 | -34.3 | -42 | -41 | above |
| 12 Apr 2022 05:00 | Apr. 2022 | -41 | -48 | -39.3 | above |
| 15 Mar 2022 06:00 | Mar. 2022 | -39.3 | 10 | 54.3 | below |
| 15 Feb 2022 05:00 | Feb. 2022 | 54.3 | 55 | 51.7 | below |
| 18 Jan 2022 05:00 | Jan. 2022 | 51.7 | 32 | 29.9 | above |
| 7 Dec 2021 05:00 | Dec. 2021 | 29.9 | 25.1 | 31.7 | above |
| 9 Nov 2021 05:00 | Nov. 2021 | 31.7 | 20 | 22.3 | above |
| 12 Oct 2021 05:00 | Oct. 2021 | 22.3 | 24 | 26.5 | below |
| 7 Sept 2021 05:00 | Sep. 2021 | 26.5 | 30 | 40.4 | below |
| 10 Aug 2021 05:00 | Aug. 2021 | 40.4 | 56.7 | 63.3 | below |
| 6 Jul 2021 05:00 | Jul. 2021 | 63.3 | 75.2 | 79.8 | below |
| 8 Jun 2021 05:00 | Jun. 2021 | 79.8 | 86 | 84.4 | below |
| 11 May 2021 05:00 | May. 2021 | 84.4 | 72 | 70.7 | above |
| 13 Apr 2021 05:00 | Apr. 2021 | 70.7 | 79 | 76.6 | below |
| 16 Mar 2021 06:00 | Mar. 2021 | 76.6 | 74 | 71.2 | above |
| 16 Feb 2021 05:00 | Feb. 2021 | 71.2 | 59.6 | 61.8 | above |
| 19 Jan 2021 05:00 | Jan. 2021 | 61.8 | 60 | 55 | above |
| 8 Dec 2020 05:00 | Dec. 2020 | 55 | 45.5 | 39 | above |
| 10 Nov 2020 05:00 | Nov. 2020 | 39 | 41.7 | 56.1 | below |
| 13 Oct 2020 05:00 | Oct. 2020 | 56.1 | 73 | 77.4 | below |
| 15 Sept 2020 05:00 | Sep. 2020 | 77.4 | 69.8 | 71.5 | above |
| 11 Aug 2020 05:00 | Aug. 2020 | 71.5 | 58 | 59.3 | above |
| 14 Jul 2020 05:00 | Jul. 2020 | 59.3 | 60 | 63.4 | below |
| 16 Jun 2020 05:00 | Jun. 2020 | 63.4 | 60 | 51 | above |
| 19 May 2020 05:00 | May. 2020 | 51 | 32 | 28.2 | above |
| 21 Apr 2020 05:00 | Apr. 2020 | 28.2 | -42.3 | -49.5 | above |
| 17 Mar 2020 06:00 | Mar. 2020 | -49.5 | -26.4 | 8.7 | below |
| 18 Feb 2020 05:00 | Feb. 2020 | 8.7 | 21.5 | 26.7 | below |
| 21 Jan 2020 05:00 | Jan. 2020 | 26.7 | 15 | 10.7 | above |
| 10 Dec 2019 05:00 | Dec. 2019 | 10.7 | 0 | -2.1 | above |
| 12 Nov 2019 05:00 | Nov. 2019 | -2.1 | -13 | -22.8 | above |
| 15 Oct 2019 05:00 | Oct. 2019 | -22.8 | -27 | -22.5 | above |
| 17 Sept 2019 05:00 | Sep. 2019 | -22.5 | -37 | -44.1 | above |
| 13 Aug 2019 05:00 | Aug. 2019 | -44.1 | -28.5 | -24.5 | below |
| 16 Jul 2019 05:00 | Jul. 2019 | -24.5 | -22.3 | -21.1 | below |
| 18 Jun 2019 05:00 | Jun. 2019 | -21.1 | -5.9 | -2.1 | below |
| 14 May 2019 05:00 | May. 2019 | -2.1 | 5 | 3.1 | below |
| 16 Apr 2019 05:00 | Apr. 2019 | 3.1 | 0.8 | -3.6 | above |
| 19 Mar 2019 06:00 | Mar. 2019 | -3.6 | -11 | -13.4 | above |
| 19 Feb 2019 05:00 | Feb. 2019 | -13.4 | -14 | -15 | above |
| 22 Jan 2019 05:00 | Jan. 2019 | -15 | -18.4 | -17.5 | above |
| 11 Dec 2018 05:00 | Dec. 2018 | -17.5 | -25 | -24.1 | above |
| 13 Nov 2018 05:00 | Nov. 2018 | -24.1 | -25 | -24.7 | above |
| 16 Oct 2018 05:00 | Oct. 2018 | -24.7 | -12 | -10.6 | below |
| 11 Sept 2018 05:00 | Sep. 2018 | -10.6 | -14 | -13.7 | above |
| 14 Aug 2018 05:00 | Aug. 2018 | -13.7 | -20.7 | -24.7 | above |
| 10 Jul 2018 05:00 | Jul. 2018 | -24.7 | -18 | -16.1 | below |
| 12 Jun 2018 05:00 | Jun. 2018 | -16.1 | -14 | -8.2 | below |
| 15 May 2018 05:00 | May. 2018 | -8.2 | -8.2 | -8.2 | in line |
| 17 Apr 2018 05:00 | Apr. 2018 | -8.2 | -1 | 5.1 | below |
| 20 Mar 2018 06:00 | Mar. 2018 | 5.1 | 13 | 17.8 | below |
| 20 Feb 2018 05:00 | Feb. 2018 | 17.8 | 16 | 20.4 | above |
| 23 Jan 2018 05:00 | Jan. 2018 | 20.4 | 17.8 | 17.4 | above |
| 12 Dec 2017 05:00 | Dec. 2017 | 17.4 | 18 | 18.7 | below |
| 14 Nov 2017 05:00 | Nov. 2017 | 18.7 | 20 | 17.6 | below |
| 17 Oct 2017 05:00 | Oct. 2017 | 17.6 | 20 | 17 | below |
| 19 Sept 2017 05:00 | Sep. 2017 | 17 | 12.5 | 10 | above |
| 22 Aug 2017 05:00 | Aug. 2017 | 10 | 15 | 17.5 | below |
| 18 Jul 2017 05:00 | Jul. 2017 | 17.5 | 18 | 18.6 | below |
| 13 Jun 2017 05:00 | Jun. 2017 | 18.6 | 21.5 | 20.6 | below |
| 16 May 2017 05:00 | May. 2017 | 20.6 | 22 | 19.5 | below |
| 11 Apr 2017 05:00 | Apr. 2017 | 19.5 | 14 | 12.8 | above |
| 14 Mar 2017 06:00 | Mar. 2017 | 12.8 | 13.1 | 10.4 | below |
| 14 Feb 2017 05:00 | Feb. 2017 | 10.4 | 15 | 16.6 | below |
| 17 Jan 2017 05:00 | Jan. 2017 | 16.6 | 18.3 | 13.8 | below |
| 13 Dec 2016 05:00 | Dec. 2016 | 13.8 | 14 | 13.8 | below |
| 15 Nov 2016 05:00 | Nov. 2016 | 13.8 | 8.1 | 6.2 | above |
The next German ZEW Economic Sentiment Index is due Tuesday, 17 November 2026 at 05:00 New York time (Nov. 2026).
The last German ZEW Economic Sentiment Index (Oct. 2026, released 20 Oct 2026) came in at 28.1, below the 30 forecast; the previous reading was 34.7.
German ZEW Economic Sentiment Index is released monthly by Centre for European Economic Research (ZEW). CRTLAB has 130 releases on record since 19 Jan 2016.
Since 2016, German ZEW Economic Sentiment Index has come in above forecast 52% of the time and below 47% (130 releases with a forecast); over the last 12 it beat 50%. It has now come in below forecast 2 releases in a row.
The highest was 84.4 (May. 2021) and the lowest -61.9 (Sep. 2022). The five-year average is 11.41.
Usually yes: a reading above forecast is the good surprise for the EUR, and the bigger the surprise the bigger the move. On this page, green marks a release that was good for the EUR against its forecast, red one that was bad.
In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts.