ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Prospects Brighten Up
CEE Indicator of Economic Sentiment
In February 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) improve in double digit. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 14.2 points. The indicator now stands at a level of 39.3 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the 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.
In February 2015 the experts' assessment of the current economic situation for the CEE region improves by 13.1 points and reaches a level of 21.4 points. A large majority of survey participants (71.4 percent) assess the current situation as normal.
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 at the bottom of the press release. 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, Phone +49 (0)621/1235-346, E-mail iliewa@zew.de
Survey Procedure and Methodology
The Financial Market Survey CEE is a survey carried out among financial market experts by the Centre for European Economic Research in Mannheim (ZEW) and Erste Group Bank AG, Vienna. The target of this survey is to develop indicators describing the economic conditions in Central and Eastern Europe (CEE) as well as in Austria. The CEE region observed in the survey consists of Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and, since October 2010, Turkey.
The financial experts are surveyed about their assessment of the current business situation, the medium-term prospects of the respective economies and their expectations as to the development of the inflation rate, the short- and long-term interest rates, exchange rates and stock prices on a six-month time horizon. The analysts' assessments reflect the qualitative direction of the estimated changes. The quarterly 'Financial Market Report CEE' contains the results for every Central and Eastern European country in detail.