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Mixed Economic Sentiment figures

Tuesday, Apr 21 2015
 In April 2015, the ZEW Indicator of Economic Sentiment for Germany has fallen for the first time since October 2014. Compared to the previous month, the indicator has declined by 1.5 points to a reading of 53.3 points (long-term average: 24.8 points). Analysts were predicting incline to 55.6.
 
 
“The German economy is in good shape. A stable labour market and increasing wages are strengthening confidence and boosting consumption. However, the current weakness of the world economy is dampening export prospects and reducing the scope for further improvements of the economic situation in Germany,” says ZEW President Professor Clemens Fuest. 
 
concerning the economic development of the Eurozone is improving. ZEW’s Indicator of Economic Sentiment for the Eurozone has increased by 2.4 points to a reading of 64.8 points , beating forecasts on increase to 63.7. Gaining 8.3 points in April 2015, the indicator for the current situation in the euro area has reached a value of minus 28.3 points.       
 
Data did not have any major impact on the markets with euro currently being traded slightly below 1.0680 level. Pair is likely to find support around 1.0630 area and resistance above 1.0750 level. There will be no major data releases in the rest of the session.
 
More in this category: « Sterling still in a downtrend Greece still in focus »

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