In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about expected economic developments over the next six months. The index is derived from a survey of financial and economic analysts, reflecting the difference between optimistic and pessimistic responses. Higher values indicate greater confidence, which can influence economic forecasts and market expectations.
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.