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Latest Press Releases

March 2015

19.03.2015 – ZEW (mac/jpr)

ZEW/Prognos Survey on Transport Markets - Increasing Quantities and Decreasing Prices

Freight quantities will increase in almost every sub-sector of the German transport industry in the coming six months. Only services providing courier, express and package (CEP) will decrease. Despite the rising transport quantities prices will drop in almost every area of the transport market. These are the key results of the Prognos/ZEW Transportmarktbarometer (Transport Market Barometer) for the first quarter of 2015. read more

19.03.2015 – ZEW (zil/ggr/jpr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Prospects Continue to Improve

In March 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) continue to improve. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 6.9 points following the double-digit increase in the previous month (February: increase by 14.2 points). The indicator now stands at a level of 46.2 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007. read more

18.03.2015 – ZEW (lja/ggr/jpr)

ZEW-CS Financial Market Test Switzerland - Economic Activity Expectations Recover from Swiss Franc Shock

In March 2015 the ZEW-CS Indicator has risen by 35.1 points to a reading of minus 37.9 points. Thus the economic outlook for the Swiss economy has partially brightened again after having severely deteriorated in February. To some extent this improvement may be attributed to the EUR/CHF exchange rate, which, contrary to worst fears, appears to have levelled off at around the 1.07 mark for the time being. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Centre for European Economic Research (ZEW) Mannheim, in cooperation with Credit Suisse (CS), Zurich. read more

17.03.2015 – ZEW (dre/jrr/jpr)

ZEW Indicator of Economic Sentiment - Economic Sentiment Remains at a High Level

In March 2015, the ZEW Indicator of Economic Sentiment for Germany has increased for the fifth consecutive time. Compared to the previous month, the indicator has gained 1.8 points to a reading of 54.8 (long-term average: 24.7 points). This is the indicator's highest value since February 2014. "Economic sentiment in Germany remains at a high level. In particular, the continuing positive development of the domestic economy confirms the expectations of the experts. At the same time, limited progress is being made with regard to solving the Ukraine conflict and the sovereign debt crisis in Greece. This has a dampening effect on sentiment," says ZEW President Professor Clemens Fuest. The assessment of the current situation in Germany has improved notably. Increasing by 9.6 points, the index now stands at 55.1 points. read more

09.03.2015 – ZEW (tgr/jpr)

Minimum Wage Reduces Returns to Education in East Germany's Craft Sector

Since January 1, 2015, a cross-sectoral minimum wage takes effect in Germany. The consequences for the labour market can be estimated only in the long term. But we can draw some conclusions having a look at already existing sectoral minimum wages. The roofing trade sector already introduced a minimum wage in October 1997, which is currently EUR 11.85. A recent ZEW study on this subject shows that the introduction of a minimum wage indeed improves the situation of low-income earners, but, at the same time, it reduces the wage of qualified skilled workers - particularly in the new German states. read more

04.03.2015 – ZEW (ole/jpr)

China Economic Panel (CEP) of the Centre for European Economic Research (ZEW) and Fudan University (Shanghai) - Economic Outlook for China Slightly Brightens

The economic outlook for China has slightly improved in February 2015. The CEP Indicator, which reflects the expectations of international financial experts regarding China's macroeconomic development over the next twelve months, increased by 7.6 points to a new level of 0.0 points in the current survey period (February 9-26, 2015). In the previous month, the CEP Indicator was negative for the first time since the start of the survey in mid-2013. read more

February 2015

24.02.2015 – ZEW (csp/fkr/jpr)

ZEW Study on Corporate Taxation in Europe - IP Box Regimes – A Double-Edged Sword for the Treasury

In several European countries, income from patents, trademarks or copyrights is taxed at a considerably lower rate than other income. Waiving taxes on intangible assets, governments aim to create incentives for companies to invest in research and development (R&D), and to pay taxes on the resulting profits in their countries. This concept is known as Intellectual Property (IP) Box regimes. This special tax treatment, however, has turned out to be a double-edged sword. A recent study conducted by the Centre for European Economic Research (ZEW) in cooperation with the University of Mannheim found that most European IP Box regimes enable multinationals to save taxes on income from intangible assets (IP income) without actually investing in R&D. read more

19.02.2015 – ZEW (zil/ggr/jpr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Prospects Brighten Up

In February 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) improve in double digit. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 14.2 points. The indicator now stands at a level of 39.3 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007. read more

18.02.2015 – ZEW (lja/ggr/jpr)

ZEW-CS Financial Market Test Switzerland - Plunge in Switzerland’s Economic Outlook

The Credit Suisse ZEW Indicator, which tracks analysts' expectations for Switzerland's economy for the coming six months, plummeted by 62.2 points in February 2015 to a minus of 73.0 points. This nosedive - the biggest in the history of the indicator - shows that in the aftermath of the removal of the EUR/CHF exchange-rate floor the financial analysts surveyed are quite unanimously forecasting a worse performance for Switzerland's economy than before this decision. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich. read more

17.02.2015 – ZEW (dre/jrr/jpr)

ZEW Indicator of Economic Sentiment - ZEW Indicator of Economic Sentiment Increases Slightly

Gaining 4.6 points compared to the previous month, the ZEW Indicator of Economic Sentiment for Germany stands at 53.0 points in February 2015 (long-term average: 24.6 points). Reaching its highest value since February of 2014, the indicator has increased for the fourth consecutive time. read more

06.02.2015 – ZEW (rge/pma/nwo/fkr)

ZEW Energy Market Barometer: Energy Prices on German Wholesale Market Set to Increase Until 2020

After a short period of stagnation, energy prices on the German wholesale markets are expected to increase again in the medium term until 2020. This is the result of the current Energy Market Barometer, a unique nationwide survey of energy experts regarding their price expectations for electricity, crude oil, natural gas, and coal on the German wholesale market. The Energy Market Barometer is carried out by the Centre for European Economic Research (ZEW). read more

04.02.2015 – ZEW (ole/fkr)

China Economic Panel (CEP) of the Centre for European Economic Research (ZEW) and Fudan University (Shanghai) - Economic Outlook for China Weakens Further

Economic expectations for China further declined in January 2015. The CEP Indicator, which reflects the expectations of international financial experts regarding China's macroeconomic development over the next twelve months, decreases by 14.2 points to a level of minus 7.6 points in the current survey period (January 12-26, 2015). The CEP Indicator has reached negative territory for the first time since the survey began in 2013 and continues to fall short of its long-term average of 11.9 points. A negative indicator value means that the majority of analysts within the panel expect overall economic activity to shrink. read more


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