The ZEW Indicator of Economic Sentiment for the euro area declined by 1.4 points in February 2026 to 39.4, undershooting market expectations of 45.2. Of the analysts surveyed, 52.6% anticipated no change in economic activity, 43.4% expected an improvement, and 4% foresaw a deterioration. At the same time, the indicator assessing the current economic situation rose by 4.5 points to -13.6, while inflation expectations increased by 7.7 points to 0.1.