Latest Press Releases

The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey shows signs of stabilization in the positive range. It is currently standing at +9.8 points compared to +13.7 points in the September survey. However, it has increased slightly (+1.8 points) in comparison with the share of last month's results that were given after September 11th.

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The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey again increased in September. It is now standing at +13.7 points which represents an increase of 2.3 points compared to August 2001.

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The crisis of confidence in the New Market is primarily a result of inadequate financial management of businesses, overly ambitious business strategies and euphoria in the stock market, leading to massive oversubscription after the New Market reached its peak in the late nineties.

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The strict regulation of the German labour market is preventing many companies from creating permanent full-time positions.

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The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has increased considerably in August. It is now standing at +11.4 points.

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In the coming five years banks and insurance brokers are likely to see not only a fall in employee numbers, but also a change in the qualifications held by their employees. The majority of firms in the financial sector foresee a maximum decline of ten per cent in current employee numbers. Amongst other financial service providers, however, such as independent asset managers or financial consultants, the number of employees is set to rise. A large proportion of other financial service providers expect even to see increases in employee numbers of more than ten per cent.

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Modern information and communication technologies (ICT) are extremely widely used by business-related service providers in Germany. Individual sectors, however, exhibit different ICT infrastructures.

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In the second quarter of 2001, the annual rate of growth in turnover of business-related service providers fell by 1.3 per cent, to a value of 3.0 per cent. The economic stabilisation seen in the first quarter of 2001, has not, therefore, continued into the second quarter of this year. Expectations for the third quarter of 2001, do not suggest that any improvements are likely to be seen in the near future.

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The ZEW Indicator of Economic Sentiment derived from the ZEW Financial Market Survey has increased again in July. It currently lies at minus 1.9 points. This corresponds to an increase by 6.2 points within a month.

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IT, technical, consulting and financial service providers are the weak spot in the East German innovation system. Whereas East German enterprises on the whole have largely adjusted to the West German level in terms of innovation activity, business-related service providers are still lagging far behind their West German competitors in that regard.

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