Germany ZEW economic sentiment
Germany ZEW economic sentiment, the DIW economic barometer, and economic policy uncertainty indices.
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| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZEW Indicator of Economic Sentiment2 | ||||||||||||||||||||||||||||||||||||||
| ZEW Indicator of Economic Sentiment | 34.7 | 34.2 | 26.3 | 10.5 | -10.2 | -17.2 | -0.5 | 58.3 | 59.6 | 45.8 | 38.5 | 39.3 | 37.3 | 34.7 | 52.7 | 47.5 | 25.2 | -14 | 51.6 | 26 | 10.3 | 15.7 | 7.4 | 13.1 | 3.6 | 19.2 | 41.8 | 47.5 | 47.1 | 42.9 | 31.7 | 19.9 | 15.2 | 12.8 | 9.8 | -1.1 | -11.4 | |
| Assessment of the current economic situation | -47.1 | -61.1 | -77.6 | -81 | -77.8 | -73.7 | -62.9 | -65.9 | -72.7 | -81 | -78.7 | -80 | -76.4 | -68.6 | -59.5 | -72 | -82 | -81.2 | -87.6 | -88.5 | -90.4 | -93.1 | -91.4 | -86.9 | -84.5 | -77.3 | -68.9 | -73.8 | -72.3 | -79.2 | -80.5 | -81.7 | -77.3 | -77.1 | -79.8 | -79.9 | -79.4 | |
| DIW economic barometer1 | ||||||||||||||||||||||||||||||||||||||
| Economic Barometer index1 | 95.9 | 96.4 | 91.3 | 96.1 | 94.8 | 97.9 | 97.3 | 101.6 | 94.8 | 93.4 | 92.9 | 91.1 | 96.3 | 92 | 92.3 | 94.2 | 90.2 | 82.9 | 90.6 | 90.4 | 87.7 | 86.4 | 83.7 | 85.4 | 85.3 | 83.4 | 87 | 92.5 | 86.1 | 92.9 | 88 | 83.2 | 91.2 | 87.6 | 85.3 | 88.1 | 89.1 | |
| Total contribution to economic momentum4 | -2 | -1.8 | -4.3 | -2 | -2.6 | -1 | -1.3 | 0.8 | -2.6 | -3.3 | -3.6 | -4.5 | -1.9 | -4 | -3.9 | -2.9 | -4.9 | -8.5 | -4.7 | -4.8 | -6.2 | -6.8 | -8.2 | -7.3 | -7.4 | -8.3 | -6.5 | -3.7 | -7 | -3.6 | -6 | -8.4 | -4.4 | -6.2 | -7.4 | -6 | -5.5 | |
| Industry contribution | -1.4 | -1.3 | -3 | -1.4 | -1.8 | -0.7 | -0.9 | 0.6 | -1.8 | -2.3 | -2.5 | -3.1 | -1.3 | -2.8 | -2.7 | -2 | -3.4 | -5.9 | -3.2 | -3.3 | -4.2 | -4.7 | -5.6 | -5 | -5.1 | -5.7 | -4.5 | -2.6 | -4.7 | -2.5 | -4.2 | -5.8 | -3.1 | -4.4 | -5.2 | -4.2 | -3.8 | |
| Services contribution | -0.3 | -0.3 | -0.7 | -0.3 | -0.4 | -0.2 | -0.2 | 0.1 | -0.4 | -0.5 | -0.6 | -0.7 | -0.3 | -0.7 | -0.6 | -0.5 | -0.8 | -1.4 | -0.8 | -0.8 | -1 | -1.1 | -1.4 | -1.2 | -1.2 | -1.4 | -1.1 | -0.6 | -1.2 | -0.6 | -1 | -1.4 | -0.7 | -1 | -1.2 | -1 | -0.9 | |
| Labour-market contribution | -0.3 | -0.2 | -0.5 | -0.2 | -0.3 | -0.1 | -0.2 | 0.1 | -0.3 | -0.4 | -0.4 | -0.6 | -0.2 | -0.5 | -0.5 | -0.4 | -0.6 | -1.1 | -0.6 | -0.6 | -0.8 | -0.8 | -1 | -0.9 | -0.9 | -1 | -0.8 | -0.5 | -0.9 | -0.4 | -0.7 | -1 | -0.5 | -0.7 | -0.8 | -0.7 | -0.6 | |
| Financial-market contribution | 0 | 0 | -0.1 | 0 | 0 | 0 | 0 | 0 | -0.1 | -0.1 | -0.1 | -0.1 | 0 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | -0.2 | -0.2 | -0.2 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | -0.1 | -0.1 | -0.2 | -0.1 | -0.1 | |
| Economic policy uncertainty1 | ||||||||||||||||||||||||||||||||||||||
| Germany EPU index | 720.55 | 940.25 | 901.63 | 1,067.49 | 1,213.87 | 859.85 | 942.67 | 736.14 | 848.51 | 979.02 | 967.03 | 990.5 | 1,371.9 | 929.55 | 1,203.98 | 1,502.18 | 1,083.1 | 838.87 | 1,009.06 | 984.37 | 1,095.93 | 871.02 | 699.77 | 554.44 | 849.16 | 667.67 | 637.04 | 640.37 | 550.27 | 596.12 | 729.9 | 672.52 | 626.14 | 669.57 | 737.68 | |||
| Geopolitical hybrid threats1 | ||||||||||||||||||||||||||||||||||||||
| Geopolitical Hybrid Threats index | 129.82 | 139.68 | 156.62 | 181.49 | 199.56 | 143.72 | 189.13 | 155.8 | 140.55 | 147.19 | 155.34 | 130.73 | 150.68 | 188.54 | 144.86 | 160.76 | 189.66 | 142.7 | 175.28 | 214.14 | 159.19 | 155.83 | 146.57 | 160.84 | 142.19 | 122.18 | 140.45 | 154.03 | 137.64 | 136.93 | 144.23 | 135.7 | 123.19 | 144.04 | 126.66 |
Latest reading
The series on this page is monthly and runs from Dec 1991 to Sep 2026.
About this data
Germany ZEW economic sentiment, the DIW economic barometer, and economic policy uncertainty indices. The table tracks the balance of financial analysts' expectations and their assessment of the current situation. It includes the DIW index of economic momentum by industry, the Baker, Bloom and Davis EPU index, and the Bundesbank geopolitical threats index. The monthly indicators are available since 1985.
Frequently asked questions
- What is the latest figure for Germany ZEW economic sentiment?
- ZEW Indicator of Economic Sentiment stood at 34.7 in Sep 2026. That is +0.5 from Aug 2026 and −2.6 from a year earlier.
- How far back does the Germany ZEW economic sentiment data go?
- The series on this page is monthly and runs from Dec 1991 to Sep 2026. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What is the Germany ZEW economic sentiment indicator?
- The Germany ZEW economic sentiment indicator measures the balance of financial analysts' six-month economic expectations and their assessment of the current situation. It serves as a key leading indicator for the German economy.
- What does the DIW economic barometer show?
- The DIW economic barometer estimates current economic momentum and decomposes it into contributions from industry, services, the labour market and financial markets. It is measured as an index where 100 represents a neutral stance.
- Which uncertainty indices are included with the sentiment data?
- The table includes the Baker, Bloom and Davis economic policy uncertainty (EPU) index for Germany and the Deutsche Bundesbank's Geopolitical Hybrid Threats index. Both are read as relative levels rather than absolute quantities.