German ZEW reports curbed optimism
The German Centre for European Economic Research (ZEW) has reported a slight decline in in economic expectations for Germany in April 2014.
The ZEW index, which provides a measure of economic sentiment, declined by 3.5 points to 43.2 points, against the backdrop of generally positive economic developments in Germany.
According to the ZEW, political tensions in the Ukraine are one key explanation for the slight reduction in optimism. Nevertheless, the perception of the current economic situation in Germany improved by 8.2 points to 59.5 points overall.
Overall, the economic expectations for the eurozone declined marginally by 0.3 points and are now at 61.2. According to data within the ZEW index report, there are expectations of a rise in short-term interest rates across developed market regions, including the US, UK, but also Japan and the eurozone.
The ZEW index is based on responses from economists, financial analysts and institutional investors.