EUR Euro-Zone ZEW Survey (Economic Sentiment)
A monthly query conducted by The Center for European Economic Research (ZEW) directed at financial experts throughout Europe in order to produce a mid-term forecast regarding Germany's economic situation. Experts are requested to evaluate the current economic situation and offer predictions in relation to the future direction of the economy. Responses to the survey are restricted to positive, negative or unchanged. The simplicity in the surveys structure allows it to be efficient in terms of turnaround time as well as easily comprehensible and interpretable. The Economic Sentiment Indicator evaluates the entire Euro-zone's future economic expectations. The results are then condensed by subtracting the number of negative responses from that of the positive responses.