Germany EUR

Germany ZEW Current Conditions

Info

History

Chart

Impact:

Low

Source: Centre for European Economic Research (ZEW)

Latest Release:

Date:

Surprise:

-5

Actual:

-82

Forecast: -77

Previous/Revision:

-81.2

Period: May

Next Release:

Date:

Forecast: -81

Period: Jun

What Does It Measure?

The ZEW Current Conditions index measures the assessment of the current economic situation in Germany, reflecting the opinions of institutional investors and analysts. It primarily focuses on current economic performance and sentiment regarding the economy while assessing components like production, employment, and overall business activity.

Frequency

The ZEW Current Conditions report is released monthly, typically on the second Tuesday of each month, and it may present preliminary estimates that are subject to revision.

Why Do Traders Care?

Traders monitor the ZEW Current Conditions because it acts as a barometer for economic sentiment, influencing market perceptions of the German economy's health. Stronger-than-expected results can lead to bullish movements in the euro (EUR) and German equities, while weaker readings can induce bearish sentiment.

What Is It Derived From?

The ZEW Current Conditions index is derived from a survey of around 350 financial market experts who assess the current economic environment. The index is calculated using a diffusion index methodology, where responses indicate whether the current economic conditions are perceived as better, worse, or unchanged compared to the previous period.

Description

Preliminary reports reflect early estimates based on the initial responses from the survey, while final reports offer a more accurate depiction of the economic sentiment following further analysis. The index typically reports changes in expectations rather than absolute values, focusing on improvements or declines in assessed conditions.

Additional Notes

This index serves as a leading economic indicator specific to Germany and is often analyzed alongside the ZEW Economic Sentiment index. It is closely correlated with broader economic trends and can serve as an early signal of potential shifts in economic performance in both Europe and the global market.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 13, 2025	-82	-77	-81.2	-5
Apr 15, 2025	-81.2	-86.8	-87.6	5.6
Mar 18, 2025	-87.6	-80.5	-88.5	-7.1
Feb 18, 2025	-88.5	-90	-90.4	1.5
Jan 21, 2025	-90.4	-93	-93.1	2.6
Dec 17, 2024	-93.1	-93	-91.4	-0.1
Nov 12, 2024	-91.4	-85.9	-86.9	-5.5
Oct 15, 2024	-86.9	-84.5	-84.5	-2.4
Sep 17, 2024	-84.5	-80	-77.3	-4.5
Aug 13, 2024	-77.3	-70	-68.9	-7.3
Jul 16, 2024	-68.9	-74.3	-73.8	5.4
Jun 18, 2024	-73.8	-65	-72.3	-8.8
May 14, 2024	-72.3	-75.8	-79.2	3.5
Apr 16, 2024	-79.2	-79	-80.5	-0.2
Mar 19, 2024	-80.5	-82	-81.7	1.5
Feb 13, 2024	-81.7	-79	-77.3	-2.7
Jan 16, 2024	-77.3	-77	-77.1	-0.3
Dec 12, 2023	-77.1	-76	-79.8	-1.1
Nov 14, 2023	-79.8	-76.9	-79.9	-2.9
Oct 17, 2023	-79.9	-80.8	-79.4	0.9
Sep 12, 2023	-79.4	-75	-71.3	-4.4
Aug 15, 2023	-71.3	-63	-59.5	-8.3
Jul 11, 2023	-59.5	-60	-56.5	0.5
Jun 13, 2023	-56.5	-40	-34.8	-16.5
May 16, 2023	-34.8	-37	-32.5	2.2
Apr 18, 2023	-32.5	-40	-46.5	7.5
Mar 21, 2023	-46.5	-44.3	-45.1	-2.2
Feb 21, 2023	-45.1	-50.5	-58.6	5.4
Jan 17, 2023	-58.6	-58	-61.4	-0.6
Dec 13, 2022	-61.4	-57	-64.5	-4.4
Nov 15, 2022	-64.5	-68.4	-72.2	3.9
Oct 18, 2022	-72.2	-68	-60.5	-4.2
Sep 13, 2022	-60.5	-52.2	-47.6	-8.3
Aug 16, 2022	-47.6	-48	-45.8	0.4
Jul 12, 2022	-45.8	-34.5	-27.6	-11.3
Jun 14, 2022	-27.6	-31	-36.5	3.4
May 10, 2022	-36.5	-35	-30.8	-1.5
Apr 12, 2022	-30.8	-35	-21.4	4.2
Mar 15, 2022	-21.4	-22.5	-8.1	1.1
Feb 15, 2022	-8.1	-6	-10.2	-2.1
Jan 18, 2022	-10.2	-8.5	-7.4	-1.7
Dec 07, 2021	-7.4	5	12.5	-12.4
Nov 09, 2021	12.5	18	21.6	-5.5
Oct 12, 2021	21.6	28.5	31.9	-6.9
Sep 07, 2021	31.9	34	29.3	-2.1
Aug 10, 2021	29.3	30	21.9	-0.7
Jul 06, 2021	21.9	5	-9.1	16.9
Jun 08, 2021	-9.1	-27.8	-40.1	18.7
May 11, 2021	-40.1	-41.3	-48.8	1.2
Apr 13, 2021	-48.8	-53	-61	4.2
Mar 16, 2021	-61	-62	-67.2	1
Feb 16, 2021	-67.2	-67	-66.4	-0.2
Jan 19, 2021	-66.4	-68.5	-66.5	2.1
Dec 08, 2020	-66.5	-66	-64.3	-0.5
Nov 10, 2020	-64.3	-65	-59.5	0.7
Oct 13, 2020	-59.5	-60	-66.2	0.5
Sep 15, 2020	-66.2	-72	-81.3	5.8
Aug 11, 2020	-81.3	-68.8	-80.9	-12.5
Jul 14, 2020	-80.9	-65	-83.1	-15.9
Jun 16, 2020	-83.1	-84	-93.5	0.9
May 19, 2020	-93.5	-88	-91.5	-5.5
Apr 21, 2020	-91.5	-77.5	-43.1	-14
Mar 17, 2020	-43.1	-30	-15.7	-13.1
Feb 18, 2020	-15.7	-10.3	-9.5	-5.4
Jan 21, 2020	-9.5	-13.5	-19.9	4
Dec 10, 2019	-19.9	-22.3	-24.7	2.4
Nov 12, 2019	-24.7	-22	-25.3	-2.7
Oct 15, 2019	-25.3	-26	-19.9	0.7
Sep 17, 2019	-19.9	-15	-13.5	-4.9
Aug 13, 2019	-13.5	-7	-1.1	-6.5
Jul 16, 2019	-1.1	5	7.8	-6.1
Jun 18, 2019	7.8	6	8.2	1.8
May 14, 2019	8.2	6	5.5	2.2
Apr 16, 2019	5.5	8	11.1	-2.5
Mar 19, 2019	11.1	11.7	15	-0.6
Feb 19, 2019	15	23	27.6	-8
Jan 22, 2019	27.6	43.5	45.3	-15.9
Dec 11, 2018	45.3	55.8	58.2	-10.5
Nov 13, 2018	58.2	65	70.1	-6.8
Oct 16, 2018	70.1	74.5	76	-4.4
Sep 11, 2018	76	72	72.6	4
Aug 14, 2018	72.6	72.3	72.4	0.3
Jul 10, 2018	72.4	78.2	80.6	-5.8
Jun 12, 2018	80.6	85	87.4	-4.4
May 15, 2018	87.4	86.2	87.9	1.2
Apr 17, 2018	87.9	88	90.7	-0.1
Mar 20, 2018	90.7	90	92.3	0.7
Feb 20, 2018	92.3	93.4	95.2	-1.1
Jan 23, 2018	95.2	89.8	89.3	5.4
Dec 12, 2017	89.3	88.5	88.8	0.8
Nov 14, 2017	88.8	88	87	0.8
Oct 17, 2017	87	89	87.9	-2
Sep 19, 2017	87.9	86.6	86.7	1.3
Aug 22, 2017	86.7	85.5	86.4	1.2
Jul 18, 2017	86.4	88	88	-1.6
Jun 13, 2017	88	85	83.9	3
May 16, 2017	83.9	81.5	80.1	2.4
Apr 11, 2017	80.1	77.7	77.3	2.4
Mar 14, 2017	77.3	78	76.4	-0.7
Feb 14, 2017	76.4	77.2	77.3	-0.8
Jan 17, 2017	77.3	65	63.5	12.3
Dec 13, 2016	63.5	59.1	58.8	4.4
Nov 15, 2016	58.8	61.5	59.5	-2.7
Oct 11, 2016	59.5	55.5	55.1	4
Sep 13, 2016	55.1	56	57.6	-0.9
Aug 16, 2016	57.6	50	49.8	7.6
Jul 19, 2016	49.8	52	54.5	-2.2
Jun 21, 2016	54.5	53	53.1	1.5
May 24, 2016	53.1	48.9	47.7	4.2
Apr 19, 2016	47.7	50.6	50.7	-2.9
Mar 22, 2016	50.7	53	52.3	-2.3
Feb 16, 2016	52.3	55.5	59.7	-3.2
Jan 19, 2016	59.7	54	55	5.7
Dec 15, 2015	55	54.2	54.4	0.8
Nov 17, 2015	54.4	55	55.2	-0.6
Oct 13, 2015	55.2	64.7	67.5	-9.5
Sep 15, 2015	67.5	64	65.7	3.5
Aug 11, 2015	65.7	64.3	63.9	1.4
Jul 14, 2015	63.9	60	62.9	3.9
Jun 16, 2015	62.9	63	65.7	-0.1
May 19, 2015	65.7	69.5	70.2	-3.8