The ZEW Economic Sentiment Index gauges the optimism of analysts about economic developments in the Euro area for the next six months. Based on a survey of up to 350 financial and economic analysts, the index reflects the difference between optimistic and pessimistic views. Higher readings indicate stronger confidence, which can provide insight into future economic activity.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.