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Economic Expectations Decrease Again
ZEW Indicator of Economic Sentiment
- ZEW Indicator of Economic Sentiment for Germany
29.8 points (-3.3 vs. last month)
- ZEW Indicator of Economic Sentiment for the Eurozone
58.4 points (+3.2 vs. last month)
- Assessment of the current situation in Germany
67.7 points (+5.6 vs. last month)
- Assessment of the current situation in the Eurozone
-27.7 points (-2.1 vs. last month)
The ZEW Economic Expectations for Germany have worsened once again in June 2014. The respective indicator has lost 3.3 points. Now standing at 29.8 points (long-term average: 24.7 points), the indicator has decreased for the sixth time in a row. The recent decrease, however, was notably less significant than the May decrease, when the indicator lost more than ten points.
"The German economy is currently in a very good shape, but further increases are becoming more difficult. We had a strong first quarter in 2014 due to favourable weather conditions, but signs are that the second quarter will be weaker. This trend is also reflected in the slight decrease of the ZEW Economic Expectations", says ZEW President Professor Clemens Fuest.
The expectations of ZEW financial market experts have become slightly more optimistic after the ECB's announcement of a set of new measures. This suggests that the ECB policy had a positive impact on the ZEW Economic Expectations.
The assessment of the current economic situation in Germany has increased in June 2014 by 5.6 points to 67.7 points.
Expectations for the Eurozone have increased in June. The Eurozone indicator has gained 3.2 points compared to the previous month, now standing at 58.4 points. The indicator for the current economic situation in the euro area has decreased in June by 2.1 points to a value of minus 27.7 points.
234 analysts and institutional investors participated in this month's ZEW Financial Markets Survey which is conducted on a monthly basis by the Centre for European Economic Research (ZEW), Mannheim. The participants were asked from June 2nd to 16th, 2014 about their medium-term expectations concerning economic activity and capital markets. The ZEW Indicator of Economic Sentiment shows the balance between positive and negative expectations regarding future economic activity in Germany within a timeframe of six months. The horizontal line indicates the historical mean of the indicator.
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