FX.co ★ German ZEW Current Conditions Index Improves in September, Still Deep in Negative Territory

Germany’s economic sentiment showed signs of recovery in September, as the ZEW Current Conditions Index climbed to -47.1 from -61.1 in August 2026, according to data updated on 15 September 2026.

The less negative reading suggests that assessments of Germany’s current economic situation have improved compared with the previous month, although the index remains well below zero, indicating that overall conditions are still perceived as weak. The move from -61.1 to -47.1 points to a modest easing in pessimism among financial market experts, rather than a full-scale turnaround in sentiment.

While the index continues to signal a challenging environment for Europe’s largest economy, the September uptick may be interpreted by market participants as an early sign that the downturn is stabilising, pending confirmation from upcoming macroeconomic data and business surveys.