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Economic Sentiment for Germany Posts First Gain in 2014
The closely watched ZEW Indicator of Economic Sentiment for Germany has recorded its first gain this year.
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The closely watched ZEW Indicator of Economic Sentiment for Germany has recorded its first gain this year.
The index began 2014 at +60 and had dropped each month since then. The index slumped to -3.6 in October.
ZEW (the Center for European Economic Research) reports that its November index for Germany gained 15.1 points, pushing it to +11.5. The index for current economic conditions in the country is at +3.3, up 0.1 point.
ZEW's index for sentiment about the entire eurozone is at +11.0, up 6.9 points this month. But the index for current conditions in the region fell 2.9 points to -59.7. The center cautions that Europe's economic situation remains "fragile" and remains threatened by continuing geopolitical tensions.
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