High importanceDEEUR · Surveys · 20 Oct 2026 · 05:00 ET · in 2 d 21 h

German ZEW economic sentiment (Oct)

Tue 20 October · 05:00 ET (11:00 Frankfurt) · in 2 d 21 h. Composite survey of business and consumer mood.

Forecast
31.6
Previous
34.7
Actual
Due 05:00 ET

Below 23.3In line 23.3 to 39.9Above 39.9

▏Forecast 31.6○ Previous 34.7

The levelsMeasured from its last 11 prints

BelowBelow 23.3EUR down
EUR/USD down EUR/GBP down EUR/JPY down
In line23.3 to 39.9Limited follow-through
AboveAbove 39.9EUR up
EUR/USD up EUR/GBP up EUR/JPY up

In line is the forecast ± how far this series usually lands from it (median miss 8.3). Above or below that is a genuine surprise. EUR up or down is the playbook’s mapping for this release; the pairs show how each quote moves when EUR does. Arithmetic, not a forecast.

Its own historyLast 11 prints vs the forecast before each: 6 above · 0 in line · 5 below

−32.52−4.9622.650.1677.72Nov ’25Jan ’26Mar ’26May ’26Jul ’26Sep ’26Oct (next)

— Forecast before the print● Actual▮ Next release: in-line range

Release history

ReleasedPeriodForecastActualPosition
15 Sep 2026Sep3734.7Below forecast
18 Aug 2026Aug3034.2Above forecast
21 Jul 2026Jul1826.3Above forecast
16 Jun 2026Jun−610.5Above forecast
12 May 2026May−19.8−10.2Above forecast
21 Apr 2026Apr−5−17.2Below forecast
17 Mar 2026Mar39−0.5Below forecast
17 Feb 2026Feb6558.3Below forecast
20 Jan 2026Jan5059.6Above forecast
16 Dec 2025Dec38.545.8Above forecast
11 Nov 2025Nov4038.5Below forecast

What moved

After it prints: EUR/USD, EUR/GBP and EUR/JPY from the hour before to the hour after, from 1-hour bars.