ZEW Indicator of Economic Sentiment - Optimism Continues

Economic expectations for Germany have improved by 7.4 points in December 2013. The ZEW Indicator of Economic Sentiment for Germany now stands at 62.0 points (historical average: 24.2 points). This is the indicator’s best result since April 2006.

"With respect to the year 2014, the surveyed financial market experts are quite optimistic. Despite rather disappointing economic data released recently, the financial market experts expect the economic development in Germany and the Eurozone to improve further in 2014," says ZEW President Prof. Dr. Clemens Fuest. The assessment of the current economic situation for Germany has also improved in December. The respective indicator climbed by 3.7 points to a level of 32.4 points.

Economic expectations for the Eurozone have gained 8.1 points in this month’s survey. Thus, the respective indicator now stands at the 68.3 points-mark. The indicator for the current economic situation in the Eurozone has increased by 7.2 points to minus 54.4 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