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Economic Sentiment Slips in Germany
Confidence by the financial community in Germany's economy has declined for the first time in six months, according to the ZEW Indicator of Economic Sentiment.
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Confidence by the financial community in Germany's economy has declined for the first time in six months, according to the ZEW Indicator of Economic Sentiment.
ZEW's index for April fell 1.5 points to 53.3. The German research institute says the slippage reflects belief that a weak global economy will slow the pace of future growth. ZEW notes that its index of current economic conditions in Germany jumped 15.1 points to 70.2 this month.
ZEW notes that financial market experts are becoming more optimistic about the eurozone. The institute's overall index for the region climbed 2.4 points to 64.8 in April. The institute's measure of sentiment about current conditions in the eurozone rose 8.3 points to a negative 28.3 this month.
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