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Confidence in Germany’s Economy Slips Again
Analysts and institutional investors continue to lower their outlook for Germany's economy, according to the country's ZEW economic research group.
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Analysts and institutional investors continue to lower their outlook for Germany's economy, according to the country's ZEW economic research group.
The institute's Indicator of Economic Sentiment has fallen steadily from more than 60 in January to 33.1 in May. This month's rating is 10.1 points below April, but any reading above zero indicates more optimism than pessimism.
ZEW's index of sentiment about the eurozone also dropped, falling 6 points to 55.2 this month.
Optimism about current conditions improved from April to May. ZEW's separate rating of that measure climbed 2.6 points to 62.1.
ZEW suggests the declining long-term sentiment shows only that investors don't expect Germany's economy to maintain its strong first-quarter growth rate. The institute assumes a "positive underlying trend" in the country's economic development for 2014.
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