EU Economy
German economic sentiment fell slightly in January
By Finfacts Team
Jan 21, 2014 - 2:19 PM

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From a high level, German economic sentiment fell slightly in the latest survey. In January 2014 the ZEW Indicator of Economic Sentiment fell only marginally by 0.3 points and now stands at the 61.7 points-mark (historical average: 24.4 points).

The Centre for European Economic Research (ZEW - - Zentrum für Europäische Wirtschaftsforschung) in Mannheim is a nonprofit and independent institute. It was founded in 1990 on the basis of a public-private initiative in the federal state of Baden-Württemberg in co-operation with the University of Mannheim.

"For months, the surveyed financial market experts have expected an economic upswing. In this month’s survey the clearly improved assessment of the current economic situation seems to confirm these expectations," says Prof Clemens Fuest, ZEW president. The indicator reflecting the expert’s assessment of the current economic situation for Germany has gained 8.8 points in January, reaching a level of 41.2 points, its highest mark since May 2012.

Economic Expectations for the Eurozone have also increased in January. The respective indicator has improved by 5.0 points to 73.3 points. The indicator for the current economic situation in the Eurozone has increased by 6.2 points to a level of minus 48.2 points.

ZEW said  that 254 analysts/ economists participated in the January-survey which was conducted during the period 1/6-1/20/2014. Analysts were asked about their expectations for the next 6 months. Numbers displayed are percentages (month-over-month percentage point changes in parentheses). Balances refer to the difference between positive and negative assessments.

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