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ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim L 7 68161 Mannheim, Germany http://www.zew.de
Contact Ms Kathrin Böhmer +49 621 1235103
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ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim

Economic Expectations Stabilise

ZEW Indicator of Economic Sentiment

(PresseBox) ( Mannheim, )
The ZEW Indicator of Economic Sentiment for Germany remained almost unchanged in September 2009. The indicator rose by 1.6 points and now stands at 57.7 points after 56.1 points in the previous month. This value is well above the indicator's historical average of 26.6 points.

The current development of the indicator shows that the the financial experts' positive economic expectations have further stabilised. The economic outlook for Germany mainly depends on the recovery of the world economy and better prospects for German exporters. Furthermore, the financial experts are more optimistic about private consumption, although the prospects for the next six months are burdened by the end of the auto wrecking bonus and by an anticipated rise of unemployment.

"The economic expectations for Germany are consistent with the picture that the German economy is recovering, but at a slow pace. With regard to the national debt additional government stimulus packages are not appropriate" says ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz.

The assessment of the current economic situation in Germany improved in September. The corresponding indicator rose by 3.2 points to minus 74.0 points.

The economic expectations for the euro zone rose in September by 4.7 points compared to the previous month. The respective indicator now stands at 59.6 points. The indicator for the current economic situation in the euro zone improved by 4.2 points and now stands at minus 77.9 points.
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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.