ZEW Indicator of Economic Sentiment - Economic Expectations Decline
ZEW Indicator of Economic Sentiment
Economic expectations for Germany have worsened in May 2014. The ZEW Indicator of Economic Sentiment has decreased by 10.1 points and now stands at a level of 33.1 points (historical average: 24.7 points).
"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.
For further information please contact
Frieder Mokinski, Tel +49 (0) 621/1235-143, E-Mail mokinski@zew.de
Jesper Riedler, Tel +49 (0) 621/1235-379, E-Mail riedler@zew.de