ZEW Indicator Remains Unchanged

ZEW Indicator of Economic Sentiment

(PresseBox) ( Mannheim, )
.
- ZEW Indicator of Economic Sentiment for Germany
36.4 points (+0.1 vs. last month)
- ZEW Indicator of Economic Sentiment for the Eurozone
27.6 points (+2.7 vs. last month)
- Assessment of the current situation in Germany
8.9 points (-0.3 vs. last month)
- Assessment of the current situation in the Eurozone
-76.8 points (-0.8 vs. last month)

After a sharp decline last month, the ZEW Indicator of Economic Sentiment for Germany has moved sideways in May 2013. The indicator has gained 0.1 points compared to the previous month and is now hovering at the 36.4 points-mark.

"Despite mostly positive economic data for the German economy, the ZEW Indicator remains at the level of the previous month. This may be due to the still poor economic situation in the Eurozone, that is also reflected by the recent ECB interest rate cut", says ZEW President Prof. Dr. Clemens Fuest. The assessment of the current economic situation for Germany has declined only marginally in May. The respective indicator has fallen by 0.3 points and now stands at the 8.9 points-mark.

Economic expectations for the Eurozone have slightly increased in May. The respective indicator has improved by 2.7 points to 27.6 points. The indicator for the current economic situation in the Eurozone remains almost unchanged at the minus 76.8 points-mark (down 0.8 points).

251 analysts and institutional investors participated in this month's ZEW Financial Markets Survey which is conducted on a monthly basis by the Centre for European Economic Research (ZEW), Mannheim. The participants were asked from April 29th to May 13th, 2013 about their medium-term expectations concerning economic activity and capital markets. The ZEW Indicator of Economic Sentiment shows the balance between positive and negative expectations regarding future economic activity in Germany within a timeframe of six months. The horizontal line indicates the historical mean of the indicator.
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