The ZEW indicator of German economic sentiment
fell once more in July 2014. The indicator has lost 2.7 points and now stands at
27.1 points (long-term average: 24.7 points). The indicator has declined for the
seventh straight time - - the Centre
for European Economic Research
- 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.
"Germany has experienced a slight dent in economic activity recently – retail
sales declined and industrial production as well as incoming orders dropped. The
current decrease of the ZEW Indicator of Economic Sentiment reflects this
sobering development. On a general note, however, the medium-term economic
outlook remains favourable,” said Prof Clemens Fuest,
The assessment of Germany’s current economic situation declined by 5.9 points to
61.8 points in this month’s survey. The ZEW Indicator of Economic Sentiment for
the Eurozone also fallen in July 2014. The indicator has lost 10.3 points
compared to the previous month, now standing at 48.1 points. The indicator for
the current economic situation in the euro area has declined by 3.8 points to
minus 31.5 points.
Some 238 analysts participated in the July-survey
which was conducted during the period 6/30-7/14/2014. Analysts were asked about
their expectations for the next 6 months.