ZEW Indicator of Economic Sentiment - Economic Expectations Burdened by Crimea Crisis
ZEW Indicator of Economic Sentiment
Economic Expectations for Germany have worsened in March 2014. The ZEW Indicator of Economic Sentiment has decreased by 9.1 points and now stands at a level of 46.6 points (historical average: 24.6 points). "In this month’s survey the Crimea Crisis is weighing on experts’ economic expectations for Germany. Nevertheless, the indicator’s level suggests that the economic upswing is currently not at risk,” says ZEW President Prof. Dr. Clemens Fuest.
The indicator reflecting the expert’s assessment of the current economic situation for Germany has improved by 1.3 points in March, reaching a level of 51.3 points.
Economic expectations for the eurozone have also lost ground in the current survey. The respective indicator has declined by 7.0 points and now stands the 61.5 threshold. The indicator for the current economic situation in the Eurozone has gained 3.5 points, reaching a level of minus 36.7 points in March.
For further information please contact
Frieder Mokinski, Phone +49 621/1235-143, E-mail mokinski@zew.de
Jesper Riedler, Phone +49 621/1235-379, E-mail riedler@zew.de