The ZEW Economic Sentiment Index is a leading indicator that gauges the optimism of institutional investors and analysts regarding the German economy. It is based on a survey that asks experts to rate the economic outlook for the next six months. A positive value indicates that the majority of respondents are optimistic, while a negative value suggests pessimism. Because Germany is the Eurozone's largest economy, this index is a major driver of Euro volatility.
The index is calculated from a survey of up to 350 financial experts. It represents the difference between the percentage of analysts that are bullish and those that are bearish on the economy.
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