Economic Sentiment Recovers
ZEW Indicator of Economic Sentiment
The ZEW Indicator of Economic Sentiment for Germany increased in August 2016. The index gained 7.3 points compared to the previous month, now standing at 0.5 points (long-term average: 24.2 points). "The ZEW Indicator of Economic Sentiment has partly recovered from the Brexit shock. Political risks within and outside the European Union, however, continue to inhibit a more optimistic economic outlook for Germany. Furthermore, uncertainty about the resilience of the EU banking sector persists," comments ZEW-President Professor Achim Wambach.
The assessment of the current situation in Germany is improving. Increasing by 7.8 points, the index now stands at 57.6 points.
Financial market experts’ sentiment concerning the economic development of the Eurozone has increased considerably. ZEW’s Indicator of Economic Sentiment for the Eurozone has risen by 19.3 points to a reading of 4.6 points. Increasing by 2.1 points in August 2016, the indicator for the current economic situation in the euro area improved to a value of minus 10.3 points.
For more information please contact
Dominik Rehse, Phone +49(0)621/1235-378, E-mail rehse@zew.de
Jesper Riedler, Phone +49(0)621/1235-379, E-mail riedler@zew.de
More information and studies on the ZEW Indicator of Economic Sentiment and the release dates 2016 (as PDF file, 28 KB).