The ZEW Indicator of Economic Sentiment for Germany gained 15.1 points in November 2014 and is now standing at 11.5 points, above predicted incline to 0.9 points. The index has returned to positive territory after the previous month’s slip into negative territory. The assessment of the current economic situation in Germany is largely unchanged. Increasing by 0.1 points, the index now stands at 3.3 points. “ZEW Indicator of Economic Sentiment for Germany has increased for the first time in 2014. The recent growth figures for the euro area suggest that the economy is stabilising, which contributed to the indicator’s increase. However, the economic environment remains fragile, not least due to ongoing geopolitical tensions,” says ZEW President Professor Clemens Fuest. ZEW Indicator of Economic Sentiment for the Eurozone has increased by 6.9 points in November to a reading of 11.0 points. Analysts were forecasting smaller increase to 4.3 points. The indicator for the current economic situation in the euro area has decreased by 2.9 points to a value of minus 59.7 points. After the data euro was pushed higher and is currently being traded few points 1.2520 level. Pair is likely to face resistance above 1.2550 area. Later today, in the US session, PPI and NAHB Housing Market Index figures are scheduled for release.
Last modified on Tuesday, 18 November 2014
