ZEW Economic Sentiment grew less than expected

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Tuesday, Nov 14 2017

ZEW Economic Sentiment grew less than expected

The ZEW Indicator of Economic Sentiment for Germany in November 2017 has once again improved on the result from the previous month. The indicator currently stands at 18.7 points, which corresponds to an increase of 1.1 points compared with the October result. The indicator, however, still remains below the long-term average of 23.7 points. “The prospects for the German economy remain encouragingly positive. Overall high levels of growth across Europe in the third quarter are supporting further growth in Germany and boosting expectations for the coming six months. This favourable economic climate should be used to create a stronger and more robust basis for future growth,” comments ZEW President Professor Achim Wambach.

The assessment of the current economic situation in Germany has also continued to improve. The indicator currently stands at 88.8 points, an increase of 1.8 points compared to October. The financial market experts’ expectations regarding economic development in the Eurozone improved considerably after the drop experienced in the previous month. The corresponding indicator rose by 4.2 points to a level of 30.9 points. The indicator for the current economic situation in the euro area also experienced a very strong increase, climbing to 47.8 points in November, 11.3 points higher than in October. As a result, the economic prospects for the euro area have also improved considerably.

More in this category: « UK CPI unchanged in October U.S. PPI increased by 0.4% »

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