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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone ZEW Economic Sentiment Index climbed to 9.5 in June 2026
FMPMonthlyReleased June 2026
Eurozone ZEW Economic Sentiment Index climbed to 9.5 in June 2026, up 18.6 from May's -9.1 reading. The print exceeded the -7.2 consensus by 16.7. ZEW Economic Sentiment Index has now risen for 3 consecutive months. Over the past 3 months, ZEW Economic Sentiment Index averaged -14.75, vs 23.9 in the prior 3-month window. The reading is in the 23rd percentile of the trailing 24-month range.
Latest Release
9.5
Actual
-7.2
Consensus
-9.1
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.57 | CRYPTO | Bearish BTC | → View |
| DAX | ▼ Inverse | −0.38 | INDEX | Bearish DAX | → View |
| XAU/USD | ▲ Direct | +0.38 | COMMODITIES | Bullish XAU | → View |
| Euro STOXX 50 | ▼ Inverse | −0.26 | INDEX | Bearish Euro STOXX 50 | → View |
| EUR/CHF | ▼ Inverse | −0.26 | FOREX | Bearish EUR | → 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 9.50 in June 2026. This beat the market consensus of -7.20 by 16.70. The reading rose from the previous value of -9.10. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 21.89, ranging from -9.10 to 40.80 across 11 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 16.74) is comparable than the prior year (σ 15.65). 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 DAX, negatively correlated (Bearish DAX). 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 July 21, 2026. Same-country events in the next 14 days include Economic Sentiment (Jun 29) and ECB President Lagarde Speech (Jun 29).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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ZEW Economic Sentiment Index - EU
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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 (Jun 2026): actual 9.5, consensus -7.2. Prior reading (May 2026): -9.1. Before that (Apr 2026): -20.4.
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=-0.57) — a useful reference for crypto-focused traders.
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Economic Calendar - EU Events
| Monday, June 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | EU | Loans to Companies YoY | 3.4 | 3.6 | 3.60 | Low | |
| 08:00 | EU | M3 Money Supply YoY | 2.7 | 2.9 | 2.90 | Low | |
| 08:00 | EU | Loans to Households YoY | 3 | 3.2 | 3.20 | Low | |
| 09:00 | EU | Selling Price Expectations | 27.4 | 30 | 32.35 | Low | |
| 09:00 | EU | Industrial Sentiment | -8 | -9 | -8.50 | Low | |
| 09:00 | EU | Services Sentiment | 2.2 | -1 | -0.50 | Low | |
| 09:00 | EU | Consumer Inflation Expectation | 40.5 | 42 | 47.70 | Low | |
| 09:00 | EU | Economic Sentiment | 9.5 | 93.5 | 91.5 | 70.95 | Medium |