Economic Expectations Worsen

Economic expectations for Central and Eastern Europe including Turkey (CEE region) have deteriorated in April 2016. In the current survey, the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has decreased by 13.1 points to a level of minus 8.4 points. Among the individual countries, the indicators for the Czech Republic (down by 16.0 points) and Hungary (down by 12.8 points) have seen the largest decreases.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects financial market experts’ expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007.

Information concerning further indicators for the CEE region, the Eurozone, the individual CEE countries covered by the analysis, and Austria can be found in the table (see download "Detailed Results for the CEE-Indicator April 2016"). The answers of all survey participants are taken into account for the calculation of the indicators for the CEE region, the Eurozone and Turkey. The answers of the Turkish survey participants are not incorporated into the calculation of the indicators for individual CEE countries and Austria, because their high participation share in the survey could cause significant biases in the survey results.

For further information please contact

Zwetelina Iliewa, Telefon 0621/1235-346 E-Mail iliewa@zew.de