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ZEW Financial Market Survey

The ZEW Financial Market Survey is a monthly questionnaire run by ZEW, a German economic research institute. It asks up to 300 experts from banks, insurance companies, and corporate finance departments what they expect to happen over the next six months.

The questions cover areas such as economic growth, inflation, interest rates, stock markets, and exchange rates. Participants normally choose whether they expect each area to improve, remain unchanged, or worsen.

For instance, more experts may expect Germany’s economy to improve after an interest-rate cut. Their answers are then combined to produce indicators, including the ZEW Indicator of Economic Sentiment. So, the survey collects the opinions; the indicator turns them into a number.

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