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News tagged with „Germany“

  • 199 News

May 2014

13.05.2014 – ZEW (fmo/jri/kbo)

ZEW Indicator of Economic Sentiment - Economic Expectations Decline

Economic expectations for Germany have worsened in May 2014. The ZEW Indicator of Economic Sentiment has decreased by 10.1 points and now stands at a level of 33.1 points (historical average: 24.7 points). read more

April 2014

16.04.2014 – ZEW (fsa/kbo)

ZEW-ZEPHYR M&A Index Germany - Positive Signals for Mergers and Acquisitions

After a long dry spell, the German M&A market is showing a moderate upward trend again. Having ranged at a level of 50 points in August 2013 – the lowest level since October 2011 –, the ZEW-ZEPHYR M&A Index Germany exceeded the 100-points mark in January 2014 (103 points) for the first time since January 2010. Against the backdrop of rumours about upcoming mergers and acquisitions, signs are that dynamics on the German M&A market will be further increasing. These are the findings of calculations by the Centre for European Economic Research (ZEW) based on the database of Bureau van Dijk (BvD). read more

December 2013

17.12.2013 – ZEW (fmo/ggr)

ZEW Indicator of Economic Sentiment - Optimism Continues

Economic expectations for Germany have improved by 7.4 points in December 2013. The ZEW Indicator of Economic Sentiment for Germany now stands at 62.0 points (historical average: 24.2 points). This is the indicator’s best result since April 2006. read more

November 2013

19.11.2013 – ZEW (fmo/ggr)

ZEW Indicator of Economic Sentiment - Confidence Continues to Grow

The ZEW Indicator of Economic Sentiment for Germany has increased by 1.8 points in November 2013. The indicator now stands at a level of 54.6 points (historical average: 24.1 points), its highest mark since October 2009. read more

October 2013

15.10.2013 – ZEW (fmo/ggr)

ZEW Indicator of Economic Sentiment - Experts Remain Optimistic

The ZEW Indicator of Economic Sentiment for Germany has increased by 3.2 points in October 2013. The indicator now stands at a level of 52.8 points (historical average: 23.9 points), its highest mark since April 2010. read more

July 2013

16.07.2013 – ZEW (fmo/jri/kbo)

ZEW Indicator of Economic Sentiment - ZEW Indicator Slightly Weaker

The ZEW Indicator of Economic Sentiment for Germany slightly declined in July 2013. The indicator fell by 2.2 points compared to the previous month and is now hovering at the 36.3-pointsmark (historical average: 23.7 points). read more

June 2013

18.06.2013 – ZEW (fmo/jri/kbo)

ZEW Indicator of Economic Sentiment - ZEW Indicator Slightly Improved

The ZEW Indicator of Economic Sentiment for Germany has slightly improved in June 2013. The indicator has gained 2.1 points compared to the previous month and is now hovering at the 38.5 points-mark. read more

March 2013

19.03.2013 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Experts Remain Optimistic

The ZEW Indicator of Economic Sentiment for Germany has increased by 0.3 points in March 2013. The indicator now stands nearly unchanged at a level of 48.5 points. Hence, after three substantial increases between December 2012 and February 2013, the indicator has stabilised in March at a respectable level. read more

February 2013

19.02.2013 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Further Increase of Confidence

The ZEW Indicator of Economic Sentiment for Germany has increased by 16.7 points in February 2013. The indicator now stands at a level of 48.2 points. This is the third increase in a row. read more

January 2013

22.01.2013 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Increasing Optimism

The ZEW Indicator of Economic Sentiment for Germany has increased by 24.6 points in January 2013. The indicator now stands at a level of 31.5 points, thereby reaching its highest level since May 2010. read more

October 2012

23.10.2012 – ZEW (fsa/kbo)

ZEW-ZEPHYR Index for Germany - Mergers and Acquisitions Continue to Stagnate in 2013

A recovery of the German M&A-market is still not in sight. The ZEW-ZEPHYR Index for Germany has been manoeuvring at the 60-points mark since the beginning of 2011. Until mid-2013, M&A activities will stagnate at this level. This is the result of a forecast conducted by the Centre for European Economic Research (ZEW) in Mannheim. The current level of the M&A-Index Germany is considerably below its initial value of 100 points in 2000. read more

16.10.2012 – zew (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Improve Slightly

The ZEW Indicator of Economic Sentiment for Germany has increased by 6.7 points in October 2012. It is now standing at a level of minus 11.5 points. This is the second increase of the indicator in a row. read more

September 2012

18.09.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Economic Expectations Brighten up Slightly

The ZEW Indicator of Economic Sentiment for Germany increased by 7.3 points in September 2012. It is now standing at a level of minus 18.2 points. This is the indicator’s first increase after four declines in a row. read more

August 2012

14.08.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Decline Further

The ZEW Indicator of Economic Sentiment for Germany has dropped by 5.9 points in August 2012. It now stands at a level of minus 25.5 points. This is the lowest value of the indicator in 2012 so far. Nevertheless, the indicator is well above the negative balance it reached during the financial crisis. In 2008 economic expectations temporarily dropped below the minus 60 points-mark. read more

July 2012

17.07.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Decline Slightly

The ZEW Indicator of Economic Sentiment for Germany has dropped by 2.7 points in July 2012. This represents the third decline in a row. The indicator is now standing at a level of minus 19.6 points. This value is below the indicator's historical average of 24.0 points. read more

June 2012

19.06.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Fall Sharply

The ZEW Indicator of Economic Sentiment for Germany has decreased by 27.7 points to a level of minus 16.9 points in June 2012. This is the indicator's strongest decline since October 1998. The worsening of the situation in the Spanish banking sector and the insecurity about the outcome of the Greek general election, which had been lasting for most of the survey period, have likely contributed to the sharp decline of the indicator. read more

May 2012

15.05.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment: Expectations Deteriorate

The ZEW Indicator of Economic Sentiment for Germany has decreased by 12.6 points to a level of 10.8 points in May 2012. Thus, the indicator has deteriorated for the first time after five consecutive increases. read more

April 2012

17.04.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment: Expectations Almost Unchanged

The ZEW Indicator of Economic Sentiment for Germany has increased by 1.1 points to a level of 23.4 points in April 2012. Thus, the indicator has risen for the fifth consecutive time. read more

March 2012

13.03.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Positive Outlook Confirmed

The ZEW Indicator of Economic Sentiment for Germany has increased by 16.9 points to a level of 22.3 points in March 2012. Thus, the indicator has risen for the fourth consecutive time. It displays its highest level since June 2010. read more

February 2012

14.02.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Optimism Rises Considerably

The ZEW Indicator of Economic Sentiment for Germany has increased by 27.0 points to a level of 5.4 points in February 2012. The indicator reaches thus positive territory for the first time since May 2011. A higher value was last seen in April 2011. read more

January 2012

17.01.2012 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Improve Noticeably

The ZEW Indicator of Economic Sentiment for Germany has increased by 32.2 points in January 2012. The indicator now stands at minus 21.6 points. This is the highest level of the indicator since July 2011. Nevertheless, the indicator is still below its historical average of 24.5 points. read more

December 2011

13.12.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Downward Trend of Economic Expectations Has Come to a Halt

The ZEW Indicator of Economic Sentiment for Germany has increased by 1.4 points in December 2011. The indicator now stands at the minus 53.8 level. This slight increase marks the end of a nine-month lasting downward trend. The current value is below the indicator’s historical average of 24.6 points. read more

November 2011

29.11.2011 – ZEW (fmo/ggr)

ZEW Survey Among Financial Market Experts – Inflation Risk in the Eurozone Decreases During the Next Year

During the next year, a slight decrease in the Eurozone’s inflation rate can be expected. At least, this is the opinion of the majority of the 238 financial market experts surveyed by the Centre for European Economic Research (ZEW), Mannheim, in November 2011. The experts estimate an average inflation rate of 2.52 per cent for 2012. Compared with 2011, for which they forecast an inflation rate of 2.65 per cent, this would mean a slight decrease. This assessment may be explained mainly by the tarnishing economic outlook. read more

15.11.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Deteriorate once more

The ZEW Indicator of Economic Sentiment for Germany has decreased by 6.9 points in November 2011. This is the ninth decline in a row. The indicator now stands at minus 55.2 points. This value is below the indicator’s historical average of 25.0 points. A lower value of the indicator was last seen in October 2008. read more

October 2011

18.10.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Economic Expectations Weaken Once Again

The ZEW Indicator of Economic Sentiment for Germany has decreased by 5.0 points in October 2011. This is the eighth decline in a row. The indicator now stands at minus 48.3 points. This value is below the indicator’s historical average of 25.3 points. A lower value of the indicator was seen last in November 2008. read more

September 2011

20.09.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Continue to Decline

The ZEW Indicator of Economic Sentiment for Germany has dropped by 5.7 points in September 2011. This is the seventh decline in a row. The indicator now stands at minus 43.3 points. This value is below the indicator’s historical average of 25.6 points. A lower value of the indicator was seen last in December 2008. read more

August 2011

23.08.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Economic Expectations and Assessment of Current Situation Slump

The ZEW Indicator of Economic Sentiment for Germany has dropped by 22.5 points in August 2011. The indicator now stands at minus 37.6 points. This value is below the indicator’s historical average of 25.9 points. read more

July 2011

19.07.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Declined

The ZEW Indicator of Economic Sentiment for Germany has dropped by 6.1 points in July 2011. The indicator now stands at minus 15.1 points. This value is below the indicator’s historical average of 26.2 points. read more

June 2011

21.06.2011 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Considerably Weaker

The ZEW Indicator of Economic Sentiment for Germany has dropped by 12.1 points in June 2011. The indicator now stands at minus 9.0 points. This value is below the indicator’s historical average of 26.3 points. read more

May 2011

17.05.2011 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment - Somewhat Weaker Expectations

The ZEW Indicator of Economic Sentiment for Germany has dropped by 4.5 points in May 2011. The indicator now stands at 3.1 points. This value is below the indicator’s historical average of 26.5 points. read more

April 2011

12.04.2011 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment - Cautious Expectations

The ZEW Indicator of Economic Sentiment for Germany has dropped by 6.5 points in April 2011. The indicator now stands at 7.6 points. This value is below the indicator’s historical average of 26.6 points. read more

March 2011

15.03.2011 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Drop Slightly

The ZEW Indicator of Economic Sentiment for Germany has dropped by 1.6 points in March 2011. The indicator now stands at 14.1 points. This value is below the indicator’s historical average of 26.7 points. read more

February 2011

15.02.2011 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Remain Stable

The ZEW Indicator of Economic Sentiment for Germany has remained almost unchanged in February 2011. The indicator has climbed by 0.3 points and now stands at 15.7 points. This value is below the indicator’s historical average of 26.7 points. read more

January 2011

18.01.2011 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment: Expectations Brighten Up

The ZEW Indicator of Economic Sentiment for Germany has climbed by 11.1 points in January 2011. The indicator now stands at 15.4 points after 4.3 points in the previous month. This value is below the indicator’s historical average of 26.8 points. read more

December 2010

21.12.2010 – ZEW (zil/ggr)

Experts Expect Strong German Stock Market Performance in 2011

Compared internationally, the German stock market is expected to show above-average growth in 2011. Stocks in the engineering as well as chemical and pharmaceutical industries are expected to perform particularly well. These are the findings of a survey of 231 financial market experts conducted by ZEW in December 2010. read more

14.12.2010 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Almost Unchanged

The ZEW Indicator of Economic Sentiment for Germany has climbed by 2.5 points in December 2010. The indicator now stands at 4.3 points after 1.8 points in the previous month. This value is below the indicator’s historical average of 26.8 points. read more

November 2010

16.11.2010 – ZEW (cdi/mfo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Rise

The ZEW Indicator of Economic Sentiment for Germany has climbed by 9.0 points in November 2010. The indicator now stands at 1.8 points after minus 7.2 points in the previous month. This value is below the indicator’s historical average of 26.9 points. read more

October 2010

19.10.2010 – ZEW (cdi/kbo)

ZEW Indicator of Economic Sentiment - Expectations Slightly Diminished

The ZEW Indicator of Economic Sentiment for Germany has dropped slightly by 2.9 points in October 2010. The indicator now stands at minus 7.2 points after minus 4.3 points in the previous month. This value is below the indicator’s historical average of 27.0 points. read more

September 2010

14.09.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Decrease Strongly

The ZEW Indicator of Economic Sentiment for Germany drops by 18.3 points in September 2010. The indicator now stands at minus 4.3 points after 14.0 points in the previous month. This value is below the indicator’s historical average of 27.2 points. read more

August 2010

17.08.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Slight Decrease

The ZEW Indicator of Economic Sentiment for Germany drops by 7.2 points in August 2010. The indicator now stands at 14.0 points after 21.2 points in the previous month. This value is below the indicator’s historical average of 27.3 points. read more

July 2010

13.07.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Experts Expect Limited Potential for Further Improvement of the German Economy

The ZEW Indicator of Economic Sentiment for Germany drops by 7.5 points in July 2010. The indicator now stands at 21.2 points after 28.7 points in the previous month. This value is below the indicator’s historical average of 27.4 points. read more

June 2010

15.06.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Economic Recovery Slows Down

The ZEW Indicator of Economic Sentiment for Germany drops by 17.1 points in June 2010. The indicator now stands at 28.7 points after 45.8 points in the previous month. This value is slightly above the indicator’s historical average of 27.4 points. read more

May 2010

18.05.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Debt Crisis Slows Down Expectations

The ZEW Indicator of Economic Sentiment for Germany drops by 7.2 points in May 2010. The indicator now stands at 45.8 points after 53.0 points in the previous month. This value is well above the indicator’s historical average of 27.4 points. read more

April 2010

20.04.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Outlook Improves Considerably

The ZEW Indicator of Economic Sentiment for Germany increases by 8.5 points in April 2010. The indicator now stands at 53.0 points after 44.5 points in the previous month. This value is well above the indicator’s historical average of 27.3 points. read more

March 2010

16.03.2010 – ZEW (cdi/fmo/kbo)

ZEW Indicator of Economic Sentiment - Expectations Almost Unaltered

The ZEW Indicator of Economic Sentiment for Germany moved sidewards in March 2010. The indicator now stands at 44.5 points after 45.1 points in the previous month. This value is well above the indicator’s historical average of 27.2 points. read more

February 2010

16.02.2010 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations Diminish Slightly

The ZEW Indicator of Economic Sentiment for Germany decreased by 2.1 points in February 2010. The indicator now stands at 45.1 points after 47.2 points in the previous month. This value is well above the indicator’s historical average of 27.1 points. read more

January 2010

19.01.2010 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Recovery Slows Down Somewhat

The ZEW Indicator of Economic Sentiment for Germany decreased by 3.2 points in January 2010. The indicator now stands at 47.2 points after 50.4 points in the previous month. This value is still well above the indicator’s historical average of 27.1 points. read more

December 2009

29.12.2009 – ZEW (mko/ggr)

ZEW Financial Market Test - Financial Market Experts Expect Poor Year 2010 for Stock Markets

The outlooks for stock markets in Germany and the USA are quite poor. A final result of an average of about 6,150 points is expected for the German stock market index DAX in 2010. In mid-December the DAX stood at almost 5,900 points and therefore the final result can be seen as a sideward movement rather than an increase. The American Dow Jones Index’s slight increase to the expected 10,650 points is hardly worth mentioning. This is the rather gloomy outlook of the 244 financial market experts surveyed in December 2009 by the Centre for European Economic Research (ZEW), Mannheim. read more

15.12.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Nearly Unchanging Economic Expectations

The ZEW Indicator of Economic Sentiment for Germany decreased slightly by 0.7 points in December 2009. The indicator now stands at 50.4 points after 51.1 points in the previous month. This value is still well above the indicator’s historical average of 27.0 points. read more

November 2009

11.11.2009 – ZEW (mac/kbo)

German Car Drivers Accept Surcharges for Low-Carbon Vehicles to Protect Climate

Car drivers in Germany are willing to spend more money on low-carbon cars. On average they accept a surcharge of 68 euro for a car emitting one gram per kilometre (g/km) of CO2 less. These are the findings of a recent study conducted by the Centre for European Economic Research (ZEW) in Mannheim. The study analyses what customers were willing to pay for low-carbon cars. The automotive industry is forced to invest in the development of low-carbon cars because of new EU regulations. The study indicates that German car buyers are willing to pay more for a new car in order to protect the climate. read more

10.11.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Economic Expectations Slightly Decline

The ZEW Indicator of Economic Sentiment for Germany decreased slightly by 4.9 points in November 2009 and now stands at 51.1 points after 56.0 points in the previous month. This value is still well above the indicator’s historical average of 26.9 points. read more

03.11.2009 – ZEW (dho/ggr)

Lowest Number of Start-Ups in Germany since German Reunification

In 2008, the number of start-ups in Germany decreased for the forth year in a row. A decline of about seven percent compared to the previous year resulted in only 206,000 start-ups. This is the lowest number of start-ups since the German reunification. The situation was the worst in the construction and trade sectors. Economic sectors like engineering and metrology and control engineering still had a positive development concerning the number of start-ups. These are the findings of a current evaluation by the Mannheim Enterprise Panel at the Centre for European Economic Research (ZEW) in Mannheim. read more

October 2009

13.10.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Almost Unchanged Economic Expectations

The ZEW Indicator of Economic Sentiment for Germany remains almost unchanged in October 2009. It slightly declines by 1.7 points and now stands at 56.0 points after 57.7 points in the previous month. This value is still well above the indicator’s historical average of 26.7 points. read more

September 2009

23.09.2009 – ZEW (mko/kbo)

ZEW Survey Among Financial Market Experts - Financial Market Experts Favour New Rules for Manager Salary

Manager salaries and bonus payments are important topics at the G-20 summit in Pittsburgh this week and during the federal election campaigns in Germany. Disincentives for bank manager salaries are blamed for the financial crisis. A broad majority of financial market expert surveyed by the Centre for European Economic Research (ZEW) assesses the wrong reimbursement system as an important reason for the crisis on the financial market. Almost 90 percent of experts also hold the opinion that a change in the reimbursement system for managers is absolutely necessary. read more

15.09.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Economic Expectations Stabilise

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. read more

August 2009

18.08.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Optimism Returns

The ZEW Indicator of Economic Sentiment for Germany increased considerably in August 2009. The indicator rose by 16.6 points and now stands at 56.1 points after 39.5 points in the previous month. This value is well above the indicator’s historical average of 26.5 points. read more

July 2009

22.07.2009 – ZEW (msc/kbo)

Credit Crunch in Germany Cannot be Confirmed

There is yet no proof of a shortage of bank credits for German firms. On the contrary, the credit volume in Germany, without credits for the German government and among banks, has increased slightly but continually since the beginning of 2008. This is the case despite recession and modest demand for credits. These are the findings of an empiric analysis conducted by the Centre for European Economic Research (ZEW) in Mannheim. read more

14.07.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Slight Correction of Economic Expectations

The ZEW Indicator of Economic Sentiment for Germany slightly declined in July 2009. The indicator dropped by 5.3 points and now stands at 39.5 points after 44.8 points in the previous month. This value is above the indicator’s historical average of 26.3 points. read more

14.07.2009 – ZEW/Microsoft (gli/gme)

ZEW Study: High-Tech Start-Ups in Germany at All-Time Low

The high-tech sector cannot escape the economic crisis. The number of start-ups dropped to a new low point in almost every high-tech sector. In total, the number of high-tech start-ups, which had been stable for years, decreased by eleven percent to about 15,300 start-ups in 2008. These are the findings of a study conducted by the Centre for European Economic Research (ZEW) in Mannheim in cooperation with Microsoft Germany. The study was presented today in Munich. The sectors affected the most are advanced technology and technology-oriented services. The development in IT services, especially in the software sector, is rather stable. The high-tech founders expect a clear market adjustment, but they are still optimistic regarding their firms' future. The founders consider the politicians' task to create good general conditions for start-ups in the long run. read more

June 2009

16.06.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Optimism Increases

The ZEW Indicator of Economic Sentiment for Germany improved in June 2009. This is the eighth month in a row with an increase. The indicator rose by 13.7 points and now stands at 44.8 points after 31.1 points in the previous month. This value is above the indicator’s historical average of 26.3 points. read more

May 2009

19.05.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations Brighten Up Again

The ZEW Indicator of Economic Sentiment for Germany continued to improve in May 2009. The indicator rose by 18.1 points and now stands at 31.1 points after 13.0 points in the previous month. This is above its historical average of 26.2 points. read more

April 2009

21.04.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Positive trend continues

The ZEW Indicator of Economic Sentiment for Germany continued to improve in April 2009. It rose by 16.5 points and now stands at 13.0 points after minus 3.5 points in the previous month. For the first time since July 2007, the indicator realises a positive value, albeit it is still below its historical average of 26.1 points. read more

07.04.2009 – ZEW (mko/kbo)

ZEW Survey among Financial Market Experts - Sympathy for "Bad Bank light"

Direct investments in financial institutions by the Federal State and the establishment of a "bad bank light" is the most suitable way of reorganising German banks which were financially damaged by the economic crisis. In contrast, the full nationalisation of banks and the establishment of a "bad bank" would not provide an appropriate basis for recovering the stability of the financial market. This reflects the expectations of the majority of the 274 financial market experts surveyed by the Centre for European Economic Research (ZEW). read more

March 2009

17.03.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations Move Sidewards

The ZEW Indicator of Economic Sentiment for Germany increased slightly in March 2009. The indicator rose by 2.3 points and now stands at minus 3.5 points after minus 5.8 points in the previous month. This is still well below its historical average of 26.2 points. read more

February 2009

17.02.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations on the Upswing

The ZEW Indicator of Economic Sentiment for Germany increased in February 2009 once again. The indicator rose by 25.2 points and now stands at minus 5.8 points after minus 31.0 points in the previous month. This is still well below its historical average of 26.4 points. read more

January 2009

20.01.2009 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Recovery continues

The ZEW Indicator of Economic Sentiment for Germany increased in January 2009 once again. The indicator rose by 14.2 points and now stands at minus 31.0 points after minus 45.2 points in the previous month. This is still well below its historical average of 26.5 points. read more

December 2008

22.12.2008 – ZEW (ssc/kbo)

Improvement At German and US Stock Markets Expected For 2009

The leading indices of the German and US stock markets, Dax and Dow Jones, will recover somewhat next year. This is the result of a survey among 250 financial market experts conducted by the Centre for European Economic Research (ZEW), Mannheim. read more

09.12.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Economic expectations improve slightly

The ZEW Indicator of Economic Sentiment for Germany increased in December 2008 by 8.3 points. The indicator now stands at minus 45.2 points after minus 53.5 points in the previous month. This is still well below its historical average of 26.8 points. read more

November 2008

12.11.2008 – ZEW (kfi/ggr/kbo)

The Positive Effects of the German Economic Recovery Package Are Overshadowed for Tax Purposes by the Unmodified Discrimination of Equity Capital Financing

The tax allowances modified by the German economic recovery package only cause slight relief of the companies’ tax burden, but still, this measure is not appropriate for stimulating investment activity. In this regard, a systematic elimination of old burdens inherited by the German corporation tax reform of 2008 would be much more important. This approach focuses on corporate financing and requires a tax relief on equity capital rewards. read more

11.11.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Slight Recovery

The ZEW Indicator of Economic Sentiment for Germany increased in November 2008 by 9.5 points. The indicator now stands at minus 53.5 points after minus 63.0 points in the previous month. This is still well below its historical average of 27.1 points. read more

October 2008

14.10.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Financial Crisis reduces Economic Expectations

The ZEW Indicator of Economic Sentiment for Germany dropped in October 2008 by 21.9 points. The indicator now stands at minus 63.0 points after minus 41.1 points in the previous month. This is still well below its historical average of 27.5 points. read more

September 2008

16.09.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations rise again

The ZEW Indicator of Economic Sentiment for Germany improved in September 2008 by 14.4 points. The indicator now stands at minus 41.1 points after minus 55.5 points in the previous month. This is still well below its historical average of 28.0 points. read more

12.09.2008 – ZEW (mko/ggr)

Total Takeover of Postbank Would Have Less Consequences for Jobs Than Takeover of Dresdner Bank

At the moment, the partial takeover of Postbank by Deutsche Bank will not lead to job losses. "Only with a possible total takeover at a later moment, jobs will be cut, but not in the same amount as with the takeover of Dresdner Bank by Commerzbank which threatens about 6,500 jobs in Germany", says Matthias Köhler, researcher at the department "International Finance and Financial Management" at the Centre for European Economic Research (ZEW) in Mannheim. read more

August 2008

19.08.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations improve

The ZEW Indicator of Economic Sentiment for Germany improved in August 2008 by 8.4 points and now stands at minus 55.5 points after minus 63.9 points in the previous month. This is still well below its historical average of 28.3 points. read more

06.08.2008 – ZEW/Microsoft (gli/Borgmann)

German High-Tech Founders Quickly Show the Flag on the International Stage

Young German high-tech start-ups quickly take the risk of entering international markets. Within the first years after their foundation, 31 per cent of the start-ups alreadygenerate profits abroad. Start-ups which themselves are intensively committed to research and development (R&D) are especially successful, and are able to make use of their advantage, also on the international stage. But strategic preparation is a must. For 59 per cent of the start-ups that want to enter the international market, the efforts are fruitless. Usually, this is due to the insufficient planning of the internationalisation. The most important market for young German high-tech start-ups is Europe. But also Asian markets do have an increasing importance. These are the results of a current study conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany, in cooperation with Microsoft Germany. read more

04.08.2008 – ZEW (sgo/kbo)

Women and Graduates - Hopes for Start-Ups

To keep the number of start-ups in Germany on a high level in 2050, the percentage of women venturing into independence has to increase by six percentage points and the number of university graduates by ten percentage points in the next 42 years. If this does not happen, a significant decrease in start-ups in Germany is likely to take place. Due to the demographic change, the 30- to 45-year-old dependent labour force will decline. As most company founders derive from this group, the dynamics of start-ups will slow down. This is likely to result in declining employment figures and a lower innovative strength of the whole economy. These are the findings of a study by the Centre for European Economic Research (ZEW) in Mannheim. The study analyses the parameters which have to be altered to stimulate the start-up activities in a declining and ageing population. read more

July 2008

15.07.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Downward movement continues

The ZEW Indicator of Economic Sentiment for Germany dropped significantly in July 2008. The indicator decreased by 11.5 points and now stands at minus 63.9 points after minus 52.4 points in the previous month. This is still well below its historical average of 28.8 points. read more

07.07.2008 – ZEW (mko/ggr)

ZEW Survey Among Financial Market Experts – Foreign Banks in Germany Score with Better Terms

Foreign banks have been able to extend their market share in Germany over the past years, especially due to the favourable terms they offer. But, their low reputation is a disadvantage on the German market. However, the low number of branch offices in comparison to their German competitors does not seem to have any negative consequences for them. These are the findings of a current survey among 229 financial market experts conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany. read more

June 2008

26.06.2008 – ZEW (mko/ggr)

New Issue of ZEW Wachstums- und Konjunkturanalysen Published – Financial Market Crisis Changes European Banking Landscape

In 2007, the volume of mergers in the European financial services sector increased to more than 200 billion euros. This year, it is expected that even more mergers in the European banking industry will take place because the acquisition of or the shareholding in European banks is as favourable as it has not been in a long time, states Matthias Köhler, financial market expert at the Centre for European Economic Research (ZEW). He analyses the topic in an article featured in the new issue of the "ZEW Wachstums- und Konjunkturanalysen", a publication which appears quarterly in German language. read more

17.06.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations drop significantly

The ZEW Indicator of Economic Sentiment for Germany dropped significantly in June 2008. The indicator decreased by 11.0 points and now stands at minus 52.4 points after minus 41.4 points in the previous month. This is still well below its historical average of 29.2 points. read more

02.06.2008 – ZEW (wro/ggr)

ZEW Survey Among Financial Market Experts: Dark Clouds Over the German Certificate Market

A serious setback can be expected in the German certificate market if a large German or foreign issuer defaults. In this case, more than two thirds of the 205 financial market experts recently surveyed by the Centre for European Economic Research (ZEW) Mannheim, expect a massive return of certificates. In the short term and even if no issuer defaults, the financial crisis will have a negative effect on the outstanding volume of the German certificate market. On a three to five years time horizon, the experts do not expect a change in the overall outstanding volume. read more

May 2008

29.05.2008 – ZEW/Microsoft (gli/Borgmann)

Upward Trend in High-Tech Start-Ups

In 2007, there were more high-tech start-ups in Germany than in the previous years. Despite this upward tendency, the number of start-ups is still below the number reached in 1995. These are the findings of a study conducted by the Centre for European Economic Research (ZEW) in Mannheim in cooperation with Microsoft Germany. The study outlines that the number of high-tech start-ups in 2007 increased by four percent compared to the previous year to a total of 19,200 start-ups. The extraordinary good economic situation in the high-tech sectors is the reason for this trend. High-tech start-ups develop contrary to the general trend as the number of start-ups in all economic sectors is still declining. There are clear regional differences concerning the number of high-tech start-ups over the last ten years: Nuremberg surprisingly ranked second after Munich, the Stuttgart region on the other hand lost its place among the top ranks. The study also finds that every twelfth high tech firm in Germany is founded by a majority of women. read more

20.05.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment - Expectations stabilize

The ZEW Indicator of Economic Sentiment for Germany stabilized in May 2008. The indicator slightly decreased by 0.7 points and now stands at minus 41.4 points after minus 40.7 points in the previous month. This is still well below its historical average of 29.6 points. read more

April 2008

15.04.2008 – ZEW (ssc/mko/kbo)

ZEW Indicator of Economic Sentiment: Expectations decline

The ZEW Indicator of Economic Sentiment for Germany declined in April 2008 by 8.7 points and now stands at minus 40.7 points after minus 32.0 points in the previous month. This is still well below its historical average of 30.0 points. read more

March 2008

19.03.2008 – ZEW (gla/ggr)

ZEW Survey Among Financial Market Experts – Outsourcing in the German Banking Sector Will Increase Further

In the German banking sector, outsourcing of business processes will increase further within the next five years. Especially the outsourcing of payment transactions and research has the potential to produce efficiency gains. These are the findings of a recent survey by the Centre for European Economic Research (ZEW), Mannheim, among approximately 215 financial market experts. read more

11.03.2008 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment: Economic Sentiment Continues Recovery

The ZEW Indicator of Economic Sentiment for Germany rose in March 2008 by 7.5 points and now stands at minus 32.0 points after minus 39.5 points in the previous month. This is still well below its historical average of 30.3 points. read more

February 2008

12.02.2008 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Economic Sentiment Improves Slightly

The ZEW Indicator of Economic Sentiment for Germany improved in February 2008 by 2.1 points and now stands at minus 39.5 points after minus 41.6 points in the previous month. This is still well below its historical average of 30.7 points. read more

January 2008

23.01.2008 – ZEW (mko/gla/kvs)

ZEW Survey Among Financial Market Experts: Strong Competition in Retail Banking – Banks Rediscovered Private Customers

Competition for customers has not only increased during the past two years but will also toughen in the future. These are the findings of a recent survey by the Centre for European Economic Research (ZEW), Mannheim, among approximately 246 financial market experts. read more

15.01.2008 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Economic Sentiment deteriorates further

The ZEW Indicator of Economic Sentiment for Germany decreased in January 2008 once again and now stands at minus 41.6 points after minus 37.2 points in the previous month. This is still well below its historical average of 31.0 points. read more

December 2007

20.12.2007 – ZEW (ssc/kvs)

ZEW Survey Among Financial Market Experts: German and U.S. Stock Markets with Little Potential for Growth in 2008 // Exchange Rate of 1.44 Dollar for One Euro Expected at the End of 2008

For the leading indexes of the German and the U.S. stock markets, Dax and Dow Jones, a rather lower potential for growth can be expected until the end of 2008. At the same time, the Euro will maintain its strength during the next year. This is the result of a current survey among about 230 financial market experts conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany read more

13.12.2007 – ZEW (kvs)

ZEWnews December 2007: Research and Innovation benefit from the Economic Upswing and the Competition

A recent ZEW study among 2000 entrepreneurs shows that in 2007, research and innovation gained more and more importance. Compared with 2006, research expenditures may raise by 7 per cent. This would be the highest growth rate recorded since 2000. In 2007, 40 per cent of the companies increased their personnel recourses in the area of research and innovation. The driving forces behind this high dynamics are the increasing demand for innovative products and the growing international competition. However, Germany’s governmental high-tech strategy has been proven effective as well. read more

11.12.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Concerns about economic development increase slightly

The ZEW Indicator of Economic Sentiment for Germany decreased in December 2007 once again and now stands at minus 37.2 points after minus 32.5 points in the previous month. This is still well below its historical average of 31.4 points. read more

November 2007

13.11.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Subprime crisis is extending

The ZEW Indicator of Economic Sentiment for Germany decreased significantly in November 2007 and now stands at minus 32.5 points after minus 18.1 points in the previous month. This is still well below its historical average of 31.8 points. read more

October 2007

22.10.2007 – ZEW (bmu/kvs)

ZEW ICT Survey 2007 – Internet Has Become Integral Part of Daily Business Life

Nearly all companies in Germany (98 per cent) have internet access by now. Meanwhile the smaller companies that hesitated before setting up an internet connection three years ago have caught up. read more

16.10.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - First Tendency to Stabilization

The ZEW Indicator of Economic Sentiment for Germany remained unchanged in October 2007 and stands like in the previous month at minus 18.1 points. This is still well below its historical average of 32.1 points. read more

September 2007

19.09.2007 – ZEW (ssc/mko/kvs)

ZEW Financial Market Test - Subprime Crisis: Subprime Crisis: Financial Market Experts Detect Increased Risk for Banking-Sector; Single Bank Failures Expected

According to a current survey of the ZEW-Financial Market Survey, financial market experts have increased their assessment of risk for the worldwide financial system. The Centre for European Economic Research (ZEW) in Mannheim (Germany) has surveyed 235 financial market experts to give their assessment of the impact of the subprime crisis on the stability of the international financial system. According to the survey, 66 percent of the polled experts see high to very high risks for the financial sector. Of those, 18 percent perceive risk to be very high, and 48 percent perceive risk to be high. However, the experts' assessment of risk stops short of predicting failures in the banking-sector on a large scale. Instead, 84 percent of the polled experts expect failures to occur only sporadically. read more

18.09.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Experts regard financial crisis as risk for real economy

The ZEW Indicator of Economic Sentiment for Germany dropped by 11.2 points in September 2007 and now stands at minus 18.1 points after 6.9 points in August. This is well below its historical average of 32.4 points. read more

03.09.2007 – ZEW (uob/ggr)

ZEW Financial Market Survey – Experts Estimate Increasing Shares, but Average Return on Sustainable and Responsible Investments

The vast majority of above 90 per cent of the 297 financial market experts who were interviewed in the context of the ZEW Financial Market Survey, think that the consideration of environmental and social objectives in business management are important or even very important. Correspondingly, they are very optimistic about the market potential of these so-called sustainable and responsible investments (SRI). More than 70 per cent of those interviewed by the Centre for European Economic Research (ZEW) assume a growing or at least constant market share of SRI. read more

August 2007

21.08.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Business Expectations Affected by Subprime Crisis

The ZEW Indicator of Economic Sentiment for Germany dropped by 17.3 points in August 2007 and now stands at minus 6.9 points after 10.4 points in July. This is well below its historical average of 32.6 points. read more

06.08.2007 – ZEW (jeh/ggr)

ZEW Study on Germany's Technological Performance - German Economy Must Adapt to New Competitors in International Technological Competition

The world economy is currently experiencing a phase of rapid change, also in the field of the development, production and exchange of technological goods. Asiatic countries such as India, South Korea, Taiwan, Singapore and China have, since the mid 1990s, worked very hard to catch up with Western industrial nations in research and development (R&D) as well as in innovation. read more

July 2007

17.07.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Strength of Economic Upswing is Weakening

The ZEW Indicator of Economic Sentiment for Germany dropped by 9.9 points in July 2007 and now stands at 10.4 points after 20.3 points in June. This is still below its historical average of 32.8 points. read more

June 2007

20.06.2007 – ZEW (jeh/ggr)

ZEW Study on Germany's Technological Performance – Germany Should Enhance Tax-based R&D Funding

To stay competitive on global markets, German companies need to significantly increase their investments in research and development (R&D). In order to motivate especially small and medium-sized firms, Germany should opt for a direct, tax-based R&D funding, as it already exists in most OECD countries. read more

19.06.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Experts more moderate

The ZEW Indicator of Economic Sentiment for Germany dropped by 3.7 points in June 2007 and now stands at 20.3 points after having boasted 24 points in May. This is still below its historical average of 33.0 points. read more

14.06.2007 – ZEW (kvs)

ZEWnews June 2007: Resistance against Reforms and its Psychological Causes

Politics is frequently faced with the problem that reforms, recommended by experts, are met with rejection by large parts of the population. The resistance against change often appears irrational. According to many experts, these changes are of indispensable necessity such as the increase in the statutory retirement age or measures to liberalise the labour market. Against this background, ZEW examined on behalf of the Federal Ministry of Finance the resistance against reforms that takes place on a psychological level and diverges from the assumption of homo oeconomicus' strict rationality. These findings are presented in the current ZEWnews edition of June 2007. read more

13.06.2007 – ZEW/Microsoft (gli/ggr)

Number of High-Tech Start-Ups Stabilising – Economic Upswing Positively Affects German Start-Up Scene / Overall Level Remains Low

In the course of the previous year, the number of high-tech start-ups in Germany stabilised. These are the findings of a study conducted by the Centre for European Economic Research, Mannheim, in cooperation with Microsoft Germany. The study was published today in Berlin. The results suggest that the total of high-tech start-ups in 2006 has remained constant compared to the previous year. Still the overall level remains low. The high-tech sector has thus developed against the general trend as the numbers of new businesses in all economic sectors keeps declining. However, the study also shows that the shortage of skilled workers and financial problems remain serious hindrances to high-tech founders and negatively influence foundation numbers. read more

May 2007

22.05.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Upward Trend Continues

The ZEW Indicator of Economic Sentiment for Germany has continued its upward trend in May 2007. The indicator rose by 7.5 points and now stands at 24.0 points after 16.5 points in April. This is still below its historical average of 33.0 points. read more

April 2007

17.04.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Recovery gains momentum

The recovery of the ZEW Indicator of Economic Sentiment for Germany gained momentum in April 2007. The indicator rose by 10.7 points and now stands at 16.5 points after 5.8 points in March. This is still far below its historical average of 33.1 points. read more

March 2007

15.03.2007 – ZEW (cra/ggr)

Germany’s Position in the Field of ICT Less Satisfying

In separate niche markets and regarding certain technologies, companies of the German ICT economy (manufacturers and providers of information and communications products and services) take the international lead and do excellent research. Compared to other countries, however, the positioning of Germany in the field of ICT seems less satisfying due to the small size of the German ICT economy in spite of its great potential. read more

13.03.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Moderate upswing

The dynamism of the recovery process traced by the ZEW Indicator of Economic Sentiment for Germany slackened off somewhat in March 2007. The indicator rose by 2.9 points and now stands at 5.8 points after 2.9 points in February. This is still far below its historical average of 33.2 points. read more

05.03.2007 – AGF/ZEW (AGF/hfr)

What becomes of the Entrepreneurial Spirit? The New AGF Report Informs about the Development of Young High-tech Companies in Germany and the United Kingdom

Why does Europe fail to produce and advance new companies of world standing such as Amazon, Google and Ebay? An international research team of the Centre for European Economic Research (ZEW) in Mannheim and the University of Exeter addressed this question on behalf of the Anglo-German Foundation. read more

01.03.2007 – ZEW (ssc/kvs)

Financial Experts See Little Room for Monetary Policy Measures Against Asset Price Bubbles

A massive share price fall as recently observed at the Shanghai stock market raises the question of whether central banks are able to counteract asset price bubbles on the markets taking the according steps in time. According to the findings of a survey among approximately 270 financial market experts conducted by the Centre for European Economic Research (ZEW), Mannheim, in February 2007, this undertaking has very little chance of success. read more

February 2007

13.02.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Experts are increasingly relaxed

The ZEW Indicator of Economic Sentiment for Germany continued its recovery in February 2007. Compared with minus 3.6 points in January, the indicator’s current level of plus 2.9 points is still far below its historical average of 33.3 points. read more

January 2007

16.01.2007 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - With momentum into the new year

The ZEW Indicator of Economic Sentiment for Germany continued its recovery in January 2007. Compared with minus 19 points in December, the indicator’s current level of minus 3.6 point is nevertheless still far below its historical average of 33.5 points. read more

December 2006

27.12.2006 – ZEW (ssc/kvs)

ZEW Financial Market Test – Experts Expect DAX to Grow by 5 Per Cent in 2007

The financial market experts interviewed by ZEW expect the German share index (DAX) to increase by 5 per cent in the coming year. The potential of the US-American index Dow Jones is to lie at merely 2.5 per cent. read more

18.12.2006 – ZEW (gme/ggr)

Business Start-ups in Germany – The End of the Boom

In 2005, the number of business start-ups in Germany substantially decreased. Compared to the previous year it dropped by approximately 8 per cent. The decrease in the trade and manufacturing sector was particularly high. The number of corporate service provider start-ups fell slightly less, the rate of decrease has still been on a relatively high level. At minus 4 per cent, the decline in consumer-oriented service provider start-ups was the lowest, compared to the previous year. These are the findings of the recent ZEW Gründungsreport, a biannual examination of firm foundation activities in Germany conducted by the Centre for European Economic Research (ZEW) in Mannheim. read more

12.12.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Expectations recovered significantly

The ZEW Indicator of Economic Sentiment for Germany recovered significantly by 9.5 points in December. Compared with minus 28.5 points in November, the indicator's current level of minus 19.0 points is nevertheless still far below its historical average of 33.7 points. read more

November 2006

14.11.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Expectations have stabilized

The ZEW Indicator of Economic Sentiment for Germany dropped slightly by 1.1 points in November. Compared with minus 27.4 points in October, the indicator's current level of minus 28.5 points is still far below its historical average of 34.0 points. read more

13.11.2006 – ZEW/Uni Mannheim (csp/tre)

2008 Corporate Tax Reform: Corrected Plans of the German Federal Government Relieve Companies – However, Further Reform Steps Still Need to Be Taken

The draft of the 2008 corporate tax reform produced by the working group “Reform der Unternehmenssteuer in Deutschland” (Reform of the German Corporate Tax) headed by Roland Koch (CDU) and Peer Steinbrück (SPD) promises relief, but falls short of the coalition agreement’s targets. The fiscal attractiveness of German locations will improve. On the other hand, the sub-goals of an improved tenure and financing neutrality of taxation will not be achieved. These are the findings of a current survey conducted by the Centre for European Economic Research (ZEW) and the University of Mannheim. read more

October 2006

18.10.2006 – ZEW/van Dijk Electro (cgr/pbe/ggr)

ZEW and Bureau van Dijk Electronic Publishing present German M&A balance - Sell out of German economy not confirmed

Since the year 2002 foreign investors have on average acquired about 200 German firms per year. That is, the number of foreign acquisitions in Germany exceeds the number of German acquisitions abroad by about 50 firms per year. This is the result of the M&A balance presented by the Centre for European Economic Research (ZEW) and Bureau van Dijk Electronic Publishing as part of the latest M&A Report. read more

17.10.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Expectations slightly decreased

The ZEW Indicator of Economic Sentiment for Germany dropped slightly by 5.2 points in October. Compared with minus 22.2 points in September, the indicator's current level of minus 27.4 points is now far below its historical average of 34.3 points. read more

September 2006

19.09.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Expectations Again declined

The ZEW Indicator of Economic Sentiment for Germany dropped by 16.6 points in September. Compared with minus 5.6 points in August, the indicator's current level of minus 22.2 points is now far below its historical average of 34.7 points. read more

07.09.2006 – ZEW (mko/msc)

ZEW Financial Market Test – Three-Pillar System Responsible for Negligible Presence of Foreign Banks in Germany

The presence of foreign banks in Germany is still on a low level. Financial market experts consider the strict division of the German banking system into private banks, savings banks and cooperative banks to be the major obstacle to a stronger commitment of foreign banks in Germany. read more

August 2006

25.08.2006 – ZEW (msc/mko/kvs)

ZEW Indicator of Economic Sentiment

Over the past months, public debate has centred around the diverging economic expectations presented in the ZEW Indicator of Economic Sentiment by the Centre for European Economic Research (ZEW) and the ifo Business Climate Index. Whereas the ZEW Indicator of Economic Sentiment has already been falling since February 2006, the ifo Business Climate Index started to indicate an economic downswing in 2007 only two months ago. The broad public, however, was not aware of the fact that the ZEW Indicator of Economic Sentiment solely represents estimations, whereas the ifo Business Climate Index comprises two elements: business situation and business expectations. read more

22.08.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Downward Trend continues

The ZEW Indicator of Economic Sentiment for Germany dropped by 20.7 points in August. Compared with 15.1 points in July, the indicator's current level of -5.6 points is now far below its historical average of 35.0 points. read more

14.08.2006 – ZEW/Uni MA (csp/cel/kvs)

2008 Corporate Tax Reform – Federal Government's Plans on the Brink of Failure

The federal government's plans for the 2008 corporate tax reform cannot meet their own requirements. The tax reform is neither expected to significantly improve the fiscal attractiveness of German locations nor the conditions for investment and growth. read more

07.08.2006 – ZEW (cra/ggr)

Small and Medium-sized Enterprises (SMEs) in Germany – Research Performing SMEs Benefit More from Innovations

Small and medium-sized enterprises (SMEs) continuously carrying out research and development (R&D) benefit significantly more from innovations than companies without an own R&D activity. This gap becomes particularly evident when SMEs launch entirely new products or processes. read more

Tags: Germany, KMU, R&D

July 2006

18.07.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Considerable Disillusion among the Financial Market Experts

The ZEW Indicator of Economic Sentiment for Germany dropped by 22.7 points in July. Compared with 37.8 points in June, the indicator's current level of 15.1 points is now far below its historical average of 35.2 points. read more

June 2006

21.06.2006 – ZEW/Microsoft (gli/Schröder)

Number of High-Tech Start-Ups in Germany Decreasing

Over the past year, the number of newly founded firms in the German high-tech sector has decreased. Compared to the previous year, it fell 16 per cent and thus reached a new low point. These are the major findings of a current study conducted by the Centre for European Economic Research (ZEW) in Mannheim on behalf of the business magazine impulse and Microsoft Deutschland GmbH. read more

13.06.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Downward movement continues

The ZEW Indicator of Economic Sentiment for Germany fell by -12.2 points in June. Compared with +50.0 points in May, the indicator's current level of +37.8 points is only slightly above its historical average of +35.3 points. read more

May 2006

18.05.2006 – ZEW (dhe/kvs)

Technology and Knowledge-Intensive Start-Ups in Germany: Number of New Businesses Increasing - No Turnaround in Advanced Technology Sector

In 2004, the number of start-ups in the technology and knowledge-intensive branches in Germany grew by five per cent compared to the previous year. read more

16.05.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Expectations drop significantly

The ZEW Indicator of Economic Sentiment for Germany fell by -12.7 points in May. However, compared with +62.7 points in April, the indicator's current level of +50.0 points is still well above its historical average of +35.3 points. read more

April 2006

11.04.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Expectations almost unchanged

The ZEW Indicator of Economic Sentiment for Germany fell by -0.7 points in April. However, compared with +63.4 points in March, the indicator's current level of 62.7 points is still well above its historical average of 35.3 points. read more

March 2006

14.03.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Small Correction of Expectations

The ZEW Indicator of Economic Sentiment for Germany dropped by -6.4 points in March. Compared with +69.8 points in February, the indicator's current level of +63.4 points is far above its historical average of + 35.1 points. read more

February 2006

14.02.2006 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Stabilization at a high level

The ZEW Indicator of Economic Sentiment for Germany dropped slightly by -1.2 points in February. Compared with +71.0 points in January, the indicator's current level of 69.8 points is far above its historical average of +34.9 points. read more

January 2006

10.01.2006 – ZEW (ssc/mko)

ZEW Indicator of Economic Sentiment - Expectations on the Rise

The ZEW Indicator of Economic Sentiment for Germany increases significantly by +9.4 points in January. Compared with +61.6 points in December, the indicator's current level of +71 points is far above its historical average of +34.7 points. read more

05.01.2006 – ZEW (ssc/kvs)

ZEW Financial Market Survey 2006 – Financial Market Experts Expect Moderate DAX Increases in the Coming Year

In 2005, the German share index DAX grew by 1,000 points, which corresponds to a relative increase of 23 per cent. By contrast, the 2006 gains of the DAX will turn out rather moderate. These are the findings of a survey among 282 financial analysts and institutional investors conducted by the Centre for European Economic Research (ZEW), Mannheim, within the framework of the ZEW Financial Market Survey in December 2005. read more

December 2005

13.12.2005 – ZEW (ssc/mko/kvs)

ZEW Indicator of Economic Sentiment - Clear Rise in Expectations

The ZEW Indicator of Economic Sentiment for Germany increases by a remarkable +22.9 points in December. Compared with +38.7 points in November, the indicator's current level of +61.6 points is far above its historical average of +34.5 points. read more

November 2005

15.11.2005 – ZEW (vkl/ssc/kvs)

ZEW Indicator of Economic Sentiment - Indicator continues to move sideways

The ZEW Indicator of Economic Sentiment for Germany decreases slightly in November by -0.7 points. Compared with +39.4 points in October, the indicator's current level of +38.7 points is still above its historical average of +34.3 points. read more

October 2005

18.10.2005 – ZEW (vkl/ssc/kvs)

ZEW Indicator of Economic Sentiment - Expectations stabilise

The ZEW Indicator of Economic Sentiment for Germany slightly increases in October. Standing at +39.4 points versus +38.6 points in September, the indicator remains above its historical average of +34.3 points. read more

September 2005

20.09.2005 – ZEW (vkl/ssc/kvs)

ZEW Indicator of Economic Sentiment - Political uncertainty depresses sentiment

The ZEW Indicator of Economic Sentiment for Germany decreases by a substantial -11.4 points in September. Standing at +38.6 points versus +50.0 points in August, it is still above its historical average of +34.3 points. read more

13.09.2005 – ZEW (wfr/kvs)

ZEW President Franz Presents Strategy Paper – On the Road to Increased Growth and Employment in Germany

Germany is facing immense problems, especially with regard to the current misery in the labour market. The government that will be formed after the coming Bundestag elections will have to tackle these challenges with great courage to make sure that Germany stays an ideal place to do business in the future. read more

07.09.2005 – ZEW (vkl/kvs)

Expert Survey Within the ZEW Financial Market Test – Analysts Expect Positive Reactions From the Stock Market Under a Conservative-Liberal Coalition Government

In the federal elections on September 18th, German citizens will decide who sets the political and economic course in Germany over the coming four years. Financial experts forecast that a coalition government of CDU/CSU and FDP will have the most beneficial effects on the German stock market – on a one-month well as on a two-year horizon. read more

August 2005

23.08.2005 – ZEW (vkl/ssc/kvs)

ZEW Indicator of Economic Sentiment - Indicator continues to rise

The ZEW Indicator of Economic Sentiment for Germany rises by a substantial +13.0 points in August. Standing at +50.0 points compared with +37.0 points in July, it is again clearly above its historical average of +34.3 points. read more

July 2005

19.07.2005 – ZEW (vkl/kvs)

ZEW Indicator of Economic Sentiment July 2005 - Indicator Rises Significantly

The ZEW Indicator of Economic Sentiment for Germany rises in July by a substantial +17.5 points. At its current level of +37.0 points, compared with +19.5 points in June, the indicator again stands slightly above its historical average of +34.2 points. read more

June 2005

21.06.2005 – ZEW (vkl/kvs)

ZEW Indicator of Economic Sentiment - Pessimism Fades

The ZEW Indicator of Economic Sentiment for Germany rises by a substantial +5.6 points in June. Having reached +13.9 points in May, the indicator's current level of +19.5 points is still far below its historical average of +34.1 points. read more

May 2005

24.05.2005 – ZEW (vkl/kvs)

ZEW Indicator of Economic Sentiment - Stabilization Remains Elusive

The ZEW Indicator of Economic Sentiment for Germany fell again in May by a substantial -6.2 points. At its current level of +13.9 points, compared with +20.1 points in April, the indicator is now well below its historical average of +34.2. read more

April 2005

19.04.2005 – ZEW (vkl/ggr)

ZEW Indicator of Economic Sentiment April 2005 - Pessimism returns

The ZEW Indicator of Economic Sentiment for Germany decreased by a substantial -16.2 points in April. At its current level of +20.1 points compared with +36.3 points in March the indicator is now significantly below its historical average of +34.4 points. read more

March 2005

15.03.2005 – ZEW (vkl/kvs)

ZEW Indicator of Economic Sentiment March 2005 - Experts Cautiously Optimistic

The ZEW Indicator of Economic Sentiment for Germany improved slightly by +0.4 points in March. At its current level of +36.3 points compared with +35.9 points in February the indicator continues to lie approximately at its historical average of +34.5 points. read more

February 2005

15.02.2005 – ZEW (vkl/kvs)

ZEW Indicator of Economic Sentiment: Again A Clear Rise

The ZEW Indicator of Economic Sentiment for Germany clearly increases by +9.0 points in February. It now stands at +35.9 points following +26.9 points in January. Thus, the indicator again stands approximately at its historical average of +34.4 points. read more

January 2005

11.01.2005 – ZEW (vkl/kvs)

ZEW Indicator of Economic Sentiment January 2005 - Positive Outlook at the Beginning of the Year

The ZEW Indicator of Economic Sentiment for Germany clearly increases by 12.5 points in January. It now stands at +26.9 points following +14.4 points in December. Despite this positive development, the indicator is still below its historical average of +34.4 points. read more

December 2004

16.12.2004 – ZEW (vkl/ggr)

ZEW Financial Market Survey - 2005: DAX may see moderate upswing, experts say

With an increase of about 5 percent to date, this year's Dax will not even remotely recapture the 30 percent surge in 2003. The financial market survey conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany, among 252 analysts and insitutional investors indicates that this may similarily hold for 2005. read more

07.12.2004 – ZEW (vkl/ssc)

ZEW Indicator of Economic Sentiment December 2004 - Decline in Expectations comes to a halt

The ZEW Indicator of Economic Sentiment for Germany marginally increases by +0.5 points in December. Following 13.9 points in November it now stands at 14.4 points. The indicator is thus still well below its historical average of 34.5 points. read more

November 2004

24.11.2004 – ZEW (tzw/kvs)

Employment of Older Professionals - Hard Facts Are More Important Than Soft Perceptions

In an international comparison, job market participation of older professionals in Germany is quite low. At times it has been suggested that this fact may be accounted for by a somewhat low esteem in the general appraisal of such employees by personnel managers. A recent study however, conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany, finds that this does not hold true. read more

09.11.2004 – ZEW (vkl/ssc)

ZEW Indicator of Economic Sentiment November 2004 - Dampened Economic Expectations

The ZEW Indicator of Economic Sentiment for Germany shows a clear decrease of -17.4 points in November. Now standing at 13.9 points following 31.3 points in October, the indicator is now well below its historical average of 34.6 points. read more

October 2004

12.10.2004 – ZEW (msc/fhe/vkl)

ZEW Indicator of Economic Sentiment October 2004 - Increasing Pessimism among Experts

The ZEW Indicator of Economic Sentiment for Germany decreases by 7.1 points in October. The indicator now stands at 31.3 points compared with +38.4 points in September. Hence, it lies below its historical average of +34.7 points. read more

September 2004

14.09.2004 – ZEW (vkl/msc)

ZEW Indicator of Economic Sentiment September 2004 - Optimism continues to fade away

The ZEW Indicator of Economic Sentiment for Germany decreased by 6.9 points in September. The indicator now stands at 38.4 points. Although this value represents a further decline compared to +45.3 points in August, expectations remain above their historical average of +34.8 points. Thus, experts expect a slight medium-term recovery of the economy. read more

August 2004

17.08.2004 – ZEW (vkl/msc)

ZEW Indicator of Economic Sentiment August 2004 - Declining expectations

The ZEW Indicator of Economic Sentiment for Germany decreases in August by 3.1 points. The indicator now stands at +45.3 points, compared with +48.4 points in July. In spite of the decline, experts expect a moderate recovery for Germany's economy until the beginning of next year. read more

July 2004

20.07.2004 – ZEW (vkl/msc)

ZEW Indicator of Economic Sentiment July 2004 - Stabilization raises hopes

The ZEW Indicator of Economic Sentiment for Germany increased slightly in July. The indicator now stands at +48.4 points, compared with +47.4 points in June. read more

June 2004

22.06.2004 – ZEW (cst/fhe/vkl)

ZEW Indicator of Economic Sentiment June 2004 - Downward Trend Ends

The ZEW Indicator of Economic Sentiment for Germany increased slightly in June. The indicator now stands at +47.4 points, compared with +46.4 points in May. read more

May 2004

18.05.2004 – ZEW (vkl/cst/fhe)

ZEW Indicator of Economic Sentiment May 2004 - Downward Trend Lessens

The ZEW Indicator of Economic Sentiment for Germany continues to drop slightly in May. The indicator now stands at +46.4 points compared with +49.7 points in April. read more

April 2004

20.04.2004 – ZEW (vkl/cst)

ZEW Indicator of Economic Sentiment April 2004 - Optimism continues to fade

The ZEW Indicator of Economic Sentiment for Germany continued to drop significantly in April. The indicator now stands at +49.7 points compared with +57.6 points in March. read more

March 2004

17.03.2004 – ZEW (thh/kvs)

Refurbishing the Corporate Image with E-Commerce

By introducing e-commerce, German companies pursue in particular two aims. On the one hand, they aim at contributing to a positive corporate image. On the other hand, they do not want to lack in comparison to other competitors providing e-commerce services. read more

16.03.2004 – ZEW (vkl/fhe)

ZEW Indicator of Economic Sentiment March 2004 - Doubts about lasting recovery

The ZEW Indicator of Economic Sentiment for Germany dropped significantly in March. The indicator now stands at +57.6 points compared with +69.9 points in February. read more

February 2004

17.02.2004 – ZEW (vkl/cst/kvs)

ZEW Indicator of Economic Sentiment February 2004 - Scepticism returns

The ZEW Indicator of Economic Sentiment for Germany decreases slightly in February. The indicator now stands at +69.9 points compared with +72.9 points in January. read more

January 2004

20.01.2004 – ZEW (vkl)

ZEW Indicator of Economic Sentiment: Stable at a high level

The ZEW Indicator of Economic Sentiment for Germany stabilised at a high level in January. The indicator now stands at +72.9 points compared with +73.4 points in last year's December. read more

December 2003

09.12.2003 – ZEW (dla/vkl)

ZEW Indicator of Economic Sentiment: Good prospects for 2004

The ZEW Indicator of Economic Sentiment for Germany increased considerably in December. The indicator now stands at +73.4 points compared with +67.2 points in November. read more

November 2003

11.11.2003 – ZEW (vkl/dla)

ZEW Indicator of Economic Sentiment for November: Indicator reaches new annual high

The ZEW Indicator of Economic Sentiment for Germany has increased again in November after having consolidated in the previous month. The indicator now stands at +67.2 points compared with +60.3 points in October. read more

05.11.2003 – ZEW (gme/dhe)

Firm Foundations in Germany: Downward Trend Weakens

The bottoming-out of the persistent downward trend of firm foundations in Germany, since 1999 the case, seems to have been reached. The semi-annual examination of firm foundations in Germany by the Centre for European Economic Research (ZEW) in Mannheim reveals that the number of firm foundations for the year 2002 has stayed the same in comparison to 2001. read more

October 2003

14.10.2003 – ZEW (vkl/dla/fhe)

ZEW Indicator of Economic Sentiment: Consolidation at a high level

The ZEW Indicator of Economic Sentiment for Germany fell slightly in October. The indicator now stands at +60.3 points compared with +60.9 points in September. The indicator thus suggests that optimism continues, but uncertainty concerning the economic upswing has not vanished completely. read more

September 2003

16.09.2003 – ZEW (vkl/dla)

ZEW Indicator of Economic Sentiment: Positive Trend Continues

The ZEW Indicator of Economic Sentiment for Germany continued to rise considerably in September. The indicator now stands at +60.9 points in comparison to +52.5 points in August. The analysts thus confirm the expected economic rebound in Germany for the beginning of next year. read more

August 2003

19.08.2003 – ZEW (vkl/dla)

ZEW Indicator of Economic Sentiment: Confidence Continues to Rise

The ZEW Indicator of Economic Sentiment for Germany continued to increase considerably in August. The indicator now stands at +52.5 points as compared to +41.9 points in July. read more

July 2003

15.07.2003 – ZEW (vkl/dla)

ZEW Indicator of Economic Sentiment for July: Signs of upswing

The ZEW Indicator of Economic Sentiment for Germany increased considerably in July. The indicator gained +20.6 points versus the previous month and now stands at +41.9 points. It is now well above its historical mean of 33 points and signals an economic upswing for the beginning of the next year. read more

June 2003

17.06.2003 – ZEW (fhu/vkl)

ZEW Indicator of Economic Sentiment: Sentiment Improves After Rate Cut

The ZEW Indicator of Economic Sentiment for Germany increased for the sixth month in a row in June. Compared with the previous month's result the indicator gained +2.6 points and now stands at +21.3 points. read more

May 2003

13.05.2003 – ZEW (fhu/vkl)

ZEW Indicator of Economic Sentiment: Stock Markets Support Optimism

The ZEW Indicator of Economic Sentiment for Germany increased slightly by +0.3 points in May and now stands at +18.7 points versus +18.4 points in the previous month. read more

April 2003

15.04.2003 – ZEW (fhu/vkl)

ZEW Indicator of Economic Sentiment: Positive Trend after the Capture of Baghdad

The ZEW Indicator of Economic Sentiment for Germany increased slightly by +0.7 points compared with the previous month's result and now stands at +18.4 points versus +17.7 points in March. However, separate analyses of the responses over the survey period reveal a strong influence of the Iraq war. read more

March 2003

18.03.2003 – ZEW (vkl)

ZEW Indicator of Economic Sentiment for March: Cautious Optimism

The ZEW Indicator of Economic Sentiment for Germany increased to +17.7 points in March. This corresponds to a rise of +2.7 points compared with the previous month. The indicator thus signals cautious optimism for the second half of 2003. read more

February 2003

18.02.2003 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Hopes and Fears

The ZEW Indicator of Economic Sentiment for Germany increased slightly by 1.0 points in February. It now stands at +15.0 points compared to +14.0 points in the previous month. Growth in Germany can thus be expected to remain slow in the second half of the year. "The situation remains unstable, we are shifting between hope and fear," says ZEW president Prof. Dr. Wolfgang Franz. read more

January 2003

21.01.2003 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment for January: A Ray of Hope

The ZEW Indicator of Economic Sentiment for Germany increases in January for the first time in seven months. It now stands at +14.0 points, which corresponds to a rise of 13.4 points compared with the previous month's result. read more

December 2002

10.12.2002 – ZEW (fhu/ggr)

ZEW Indicator of Economic Sentiment: Sentiment Remains Flat

The downward trend of the ZEW Indicator of Economic Sentiment for Germany has lost momentum in December. The indicator now stands at 0.6 points. read more

04.12.2002 – ZEW (ggu/ggr)

Reintroduction of the Property Tax is a Threat to the German Economy

Reintroducing the property tax would further reduce the fiscal attractiveness of Germany as well as competitiveness of German companies, particularly when it comes to medium-sized firms. These are the findings of a survey including burden calculations conducted by the Centre for European Economic Research (ZEW) in Mannheim. read more

November 2002

12.11.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Nosedive

The ZEW Indicator of Economic Sentiment for Germany deteriorates strongly by 19.2 points in November. It now stands at 4.2 points compared with 23.4 points in the previous month and is thus lower than in October 2001. read more

October 2002

15.10.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Sentiment deteriorates further

The ZEW Indicator of Economic Sentiment for Germany declines significantly in October. It is now standing at 23.4 points which corresponds to a decrease of 16.1 points compared with the previous month. read more

September 2002

17.09.2002 – ZEW (fhu/ggr)

ZEW Indicator of Economic Sentiment: Risks for the Economic Recovery

In September the ZEW Indicator of Economic Sentiment for Germany is declining for the third consecutive month. It is now standing at 39.5 points which corresponds to a decrease of 3.9 points compared with the previous month's result. read more

August 2002

13.08.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Considerable Slump

The ZEW Indicator of Economic Sentiment for Germany falls by 25.7 points in August. It is now standing at 43.4 points compared with 69.1 points in the previous month. This is the largest decrease in two years. read more

July 2002

09.07.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Analysts remain optimistic despite weak stock markets

The economic expectations of German analysts have so far been unaffected by the latest stock market decline. The ZEW Indicator of Economic Sentiment for Germany decreased by a slight 0.5 points in July compared with the previous month's result. read more

June 2002

11.06.2002 – ZEW (fhu/ggr)

ZEW Indicator of Economic Sentiment: Remaining at a high level

The ZEW Indicator of Economic Sentiment for Germany increases in June after having declined in May. Compared with the previous month's result the indicator gains +3,3 points and is now standing at +69,6 points. read more

May 2002

14.05.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Scepticism on the Rise

The ZEW Indicator of Economic Sentiment for Germany declines in May. With +66.3 points the index now stands -4.3 points below the value of the previous month (+70.6 points). read more

April 2002

16.04.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Stabilization at a High Level

The ZEW Indicator of Economic Sentiment has slightly declined by -0.6 points in April. The index now stands at +70.6 points after standing at +71.2 in the previous month. read more

March 2002

19.03.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Further Upward Leap

The ZEW Indicator of Economic Sentiment again rises sharply. The index now stands at +71.2 points, which is equivalent to an increase of +21.0. read more

February 2002

19.02.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Positive Signs for the Second Half of the Year

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey rises to +50.2 points in February. This corresponds to an increase of +14.3 compared with the January result. read more

January 2002

15.01.2002 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Number of Optimists Rises Significantly

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey rises to +35.9 points in January. This corresponds to an increase of 10.1 points compared with the December result. read more

December 2001

11.12.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Upward Trend Unbroken

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has gained 12.7 points in December and is now standing at +25.8. read more

November 2001

13.11.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Analysts Remain Optimistic

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has increased in November and further continues to stabilize in positive territory. It is currently standing at +13.1 points compared to +9.8 points in the October survey. read more

October 2001

16.10.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Stabilization of Optimistic Expectations

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey shows signs of stabilization in the positive range. It is currently standing at +9.8 points compared to +13.7 points in the September survey. However, it has increased slightly (+1.8 points) in comparison with the share of last month's results that were given after September 11th. read more

September 2001

18.09.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Optimism continues despite terror attacks

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey again increased in September. It is now standing at +13.7 points which represents an increase of 2.3 points compared to August 2001. read more

August 2001

21.08.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Expectations for German Economy Improve Considerably

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has increased considerably in August. It is now standing at +11.4 points. read more

July 2001

17.07.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Financial Analysts Remain Undecided

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has increased again in July. It currently lies at minus 1.9 points. This corresponds to an increase by 6.2 points within a month. read more

June 2001

19.06.2001 – ZEW (fhu/kvs)

ZEW Indicator of Economic Sentiment: Hopes for a quick recovery in Germany don't come true yet

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has decreased again in June after it had increased in April and May. It currently lies at minus 8.1 points. read more

November 2000

21.11.2000 – ZEW (bsa/kvs)

ZEW-Financial Market Tests: Financial Experts Recommend European Shares

Next year investors should buy primarily European shares: In a model portfolio with shares from Europe, North America, Japan, and the Emerging Markets European values should account for 50 percent of the volume. Investors should invest 28 percent of their portfolio volume in US shares, twelve percent in Japanese securities, and 10 percent in shares of the Emerging Markets. read more


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