ZEW Indicator of Economic Sentiment - ZEW Indicator Slightly Improved

The ZEW Indicator of Economic Sentiment for Germany has slightly improved in June 2013. The indicator has gained 2.1 points compared to the previous month and is now hovering at the 38.5 points-mark.

"The financial experts stick to their assessment: the German economy is likely to pick up speed in the second half of 2013. However, the results of the current survey indicate that the economy will improve rather slowly. Almost half of the survey respondents expect no significant economic impulses in the next six months", says ZEW President Prof. Dr. Clemens Fuest. The assessment of the current economic situation for Germany has changed only marginally in June. The respective indicator has declined by 0.3 points and now stands at the 8.6 points-mark.

Economic expectations for the Eurozone have slightly increased in June. The respective indicator has improved by 3.0 points to 30.6 points. The indicator for the current economic situation in the Eurozone has slightly declined and now stands at the minus 79.5 points-mark (down 2.7 points).

For further information please contact

Frieder Mokinski, Phone +49 621/1235-143, E-mail mokinski@zew.de

Jesper Riedler, Phone +49  621/1235-379, E-mail riedler@zew.de