ZEW Indicator of Economic Sentiment - Confidence Continues to Grow

The ZEW Indicator of Economic Sentiment for Germany has increased by 1.8 points in November 2013. The indicator now stands at a level of 54.6 points (historical average: 24.1 points), its highest mark since October 2009.

"Economic expectations for Germany have been hovering at a high level for months. The slightly improved economic outlook for the Eurozone might have contributed to this development", says ZEW President Prof. Dr. Clemens Fuest.

The assessment of the current economic situation for Germany has slightly worsened in November. The respective indicator has fallen by 1.0 points and now stands at the 28.7 points-mark. Economic expectations for the Eurozone have slightly increased in November. The respective indicator has improved by 1.1 points to 60.2 points. The indicator for the current economic situation in the Eurozone has decreased by 0.7 points to a level of minus 61.6 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