ZEW Indicator of Economic Sentiment May 2014
"The decline of the experts’ economic expectations for Germany should be seen against the backdrop of a strong economic development in the first quarter of 2014. The signs are that Germany will not be able to maintain this fast pace of growth. Nevertheless, one can assume a positive basic trend for the economic development in 2014," says ZEW President Prof. Dr. Clemens Fuest.
The indicator reflecting the expert’s assessment of the current economic situation for Germany has improved by 2.6 points in May, reaching a level of 62.1 points. Economic Expectations for the Eurozone have also lost ground in May. The respective indicator has declined by 6.0 points and now stands at 55.2 points. The indicator for the current economic situation in the Eurozone has gained 4.9 points, reaching a level of minus 25.6 points in May.
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