Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone ZEW Economic Sentiment Index climbed to 31.4 Points in August 2026
FMPMonthlyReleased August 2026
Eurozone ZEW Economic Sentiment Index climbed to 31.4 Points in August 2026, up 8 Points from July's 23.4 Points reading. The print exceeded the 25.4 Points consensus by 6 Points. ZEW Economic Sentiment Index has now risen for 4 consecutive months. The reading is in the 72nd percentile of the trailing 24-month range.
Latest Release
31.4
Actual
25.4
Consensus
23.4
Previous
Median Absolute Error
±9.15
across last 12 releases
Last Call
Jun 2026
Predicted: -1.75
Actual: 9.5
Error: -11.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.61 | CRYPTO | Moves against | → View |
| XAU/USD | ▲ Direct | +0.38 | COMMODITIES | Moves with | → View |
| DAX | ▼ Inverse | −0.38 | INDEX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.28 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.26 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ZEW Economic Sentiment Index (European Union) was reported at 31.40 Points in August 2026. This beat the market consensus of 25.40 Points by 6.00 Points. The reading rose from the previous value of 23.40 Points. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 19.96, ranging from -9.10 to 40.80 across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -2.70, down from the prior three at 37.97. Volatility over the past year (σ 17.75) is higher than the prior year (σ 14.88). In June readings over the past 3 years, ZEW Economic Sentiment Index has averaged 32.03.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 9.15.
WHAT TO WATCH NEXT
The next release is scheduled for September 15, 2026. Same-country events in the next 14 days include ECB President Lagarde Speech (Aug 19) and ECB Lagarde Speech (Aug 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
ZEW Economic Sentiment Index - EU
Loading chart data...
About ZEW Economic Sentiment Index — European Union
DEFINITION
The ZEW Economic Sentiment Index is a widely recognized financial indicator that measures the level of optimism or pessimism among financial experts and analysts regarding the economic outlook of a particular country. It provides valuable insights into future economic trends and can be used as a reliable tool for making informed investment decisions. The index is based on a monthly survey of over 300 experts and is considered a key indicator of economic sentiment in the financial world.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 31.4, consensus 25.4. Prior reading (Jun 2026): 9.5. Before that (May 2026): -9.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.61) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - EU Events
| Tuesday, August 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 23.4 | 25.4 | 28.40 | Medium |
| Wednesday, August 19, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | HICP MoM | 0.2 | 0 | 0.00 | Low | |
| 09:00 | EU | CPI MoM | -0.1 | 2.8 | 2.80 | Medium | |
| 09:00 | EU | Core CPI MoM | 0.2 | 0 | 0.00 | Low | |
| 09:00 | EU | HICP YoY | 2.1 | 2.2 | 2.20 | Low | |
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Construction Output YoY | 1.2 | 0.6 | 1.30 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3.2 | 3 | 3.15 | Low | |
| Friday, August 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | EU | S&P Global Manufacturing PMI | 51.9 | 51.8 | 51.60 | Medium | |
| 08:00 | EU | S&P Global Composite PMI | 52 | 51.7 | 51.05 | Medium | |
| 08:00 | EU | S&P Global Services PMI | 51.7 | 51.5 | 50.85 | Medium | |