ZEW Economic Sentiment increased less than expected

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Tuesday, Oct 17 2017

ZEW Economic Sentiment increased less than expected

The ZEW Indicator of Economic Sentiment for Germany continued to improve in October 2017, however, not as strongly as in the previous month. The indicator currently stands at 17.6 points, which corresponds to an increase of 0.6 points compared with the September result. The indicator, however, still remains below the long-term average of 23.8 points. "The improved outlook for the coming six months is not least the result of the surprisingly positive growth figures seen in the previous months. In August, figures for both production and incoming orders were significantly better than expected.

The framework conditions for German exports, which have already seen a significant rise, are further improved by positive growth figures for Europe. The fact that the inflation rate is rising again, and expected to climb further, equally points towards a positive economic development in Germany, making a change in the ECB’s monetary policy more likely," comments ZEW President Professor Achim Wambach. The financial market experts’ sentiment concerning the economic development of the Eurozone has considerably decreased. The corresponding indicator has fallen by 5.0 points, to a reading of 26.7 points. In contrast, the indicator for the current economic situation in the Eurozone has climbed by 1.0 point to a level of 36.5 points.

More in this category: « UK CPI up to 2.8% U.S. Industrial Production rose by 0.3% »

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