German ZEW Survey (Current Situation)
The Center for European Economic Research (ZEW), queries financial experts across Europe monthly in order to create a mid-term forecast in regards to Germany's economic situation. Experts are asked to evaluate the current situation and predict the economy's future direction. The survey's responses are restricted to positive, negative or unchanged for all components. Due to the simplicity in its structure, the survey is quick and efficient in terms of turnaround time. It is also quite easily understandable and interpretable. The Current Situation Indicator focuses on the results of the survey that relate to the current health of the German economy, unlike the Economic Sentiment Indicator which looks into the future direction of the economy.