“The significant increase in the ZEW Indicator of Economic Sentiment shows that major economic risks are considered to be less dramatic than before. The possible delay in the Brexit process as well as the renewed hope for a deal on the UK’s withdrawal from the EU seem to have given rise to more optimism among financial market experts. Progress made in the negotiations between China and the US to end the trade war between the two nations may also have contributed. Nevertheless, the ZEW Indicator of Economic Sentiment for Germany points to relatively weak growth in the first half of 2019,” comments ZEW President Professor Achim Wambach.
Financial market experts’ sentiment concerning the economic development of the eurozone has also improved considerably, with the corresponding indicator climbing 14.1 points to a current level of minus 2.5 points. By contrast, the assessment of the current economic situation in the eurozone saw a further decrease, falling by 3.6 points to a reading of minus 6.6 points compared to the previous month.