| Measures | Level of a diffusion index based on surveyed German institutional investors and analysts; |
| Usual Effect | Actual > Forecast = Good for currency; |
| FF Notes | Above 0.0 indicates optimism, below indicates pessimism; |
| Why Traders Care |
It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity; |
| Derived Via | Survey of about 350 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany; |
| Acro Expand | Zentrum fur Europaische Wirtschaftsforschung (ZEW); |