Economic Expectations for Germany have worsened in May 2014. The ZEW Indicator of Economic Sentiment has decreased by 10.1 points and now stands at a level of 33.1 points (historical average: 24.7 points).
"The decline of the experts’ economic expectations for Germany should be seen against the backdrop of a strong economic development in the first quarter of 2014. Already, there are indications that Germany will not be able to maintain this fast pace of growth. Nevertheless, one can assume a positive underlying trend for the economic development for the year 2014," says ZEW President Prof. Dr. Clemens Fuest.
The indicator reflecting the expert’s assessment of the current economic situation for Germany has improved by 2.6 points in May, reaching a level of 62.1 points. Economic Expectations for the Eurozone have also lost ground in May. The respective indicator has declined by 6.0 points and now stands at 55.2 points. The indicator for the current economic situation in the Eurozone has gained 4.9 points, reaching a level of minus 25.6 points in May.