The ZEW Indicator of Economic Sentiment for Germany has remained unchanged at a level of 13.8 points (long-term average: 24.0 points) in December 2016. "The ZEW Indicator of Economic Sentiment remains at the same level; however, given the fact that the evaluation of the current situation has once again recorded an improvement, the overall assessment is quite positive. This is supported by the recently published positive GDP growth figures for the euro area in the third quarter. The considerable economic risks arising from the tense situation in the Italian banking sector, as well as the political risks surrounding upcoming elections in Europe, seem to have faded into the background at the moment," comments ZEW President Professor Achim Wambach,PhD.

ZEW Indicator of Economic Sentiment for Germany, December 2016
ZEW Indicator of Economic Sentiment for Germany, December 2016

As already mentioned, the current economic situation in Germany has improved significantly. Growing by 4.7 points, the index now stands at 63.5 points.

Financial market experts’ sentiment concerning the economic development of the eurozone has marginally improved, with the respective indicator increasing by 2.3 points to a reading of 18.1 points. The indicator for the current economic situation in the eurozone climbed one point to a level of minus 8.3 points in December 2016.

 

 

For further information please contact

Dr. Michael Schröder, Phone +49 (0)621/1235-368, E-mail schroeder@zew.de

Lea Steinrücke, Phone +49 (0)621/1235-311, E-mail steinruecke@zew.de

More information and studies on the ZEW Indicator of Economic Sentiment and the release dates 2016 (as PDF file, 28 KB) and the historical time series (as Excel file, 81 KB).