ZEW Financial Market Survey
19 hours agoThe ZEW Financial Market Survey assesses the sentiment of institutional investors by measuring the difference between the proportion of optimistic investors and the proportion of pessimistic analysts.
Participants provide their six-month expectations regarding the economy, inflation rates, interest rates, stock markets, and exchange rates in the Eurozone, Germany, Japan, the United States, the United Kingdom, France, and Italy, as well as their forecasts for oil prices.
In general, an optimistic outlook is viewed as positive (or bullish) for the EUR, while a pessimistic outlook is seen as negative (or bearish).
ZEW stands for Zentrum für Europäische Wirtschaftsforschung, which translates to the Center for European Economic Research.
The ZEW Indicator of Economic Sentiment is a straightforward sentiment indicator derived from the monthly ZEW Financial Market Survey.
The ZEW Financial Market Survey aggregates the sentiments of around 350 economists and analysts regarding the medium-term economic outlook for Germany.
While the ZEW Financial Market Survey encompasses various areas, sectors, and regions, only the questions specifically related to the German economy are utilized to formulate the ZEW Indicator of Economic Sentiment.
From this data, a simple indicator reading is produced, indicating the difference between the number of analysts who are bullish on the German economy and those who are bearish.
A negative percentage reading signifies that the majority of analysts are bearish, whereas a positive reading indicates that the majority are bullish.
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