Survey under stock market professionals
ZEW: Economic expectations better than expected
Stock exchange experts now assess the further development of the German economy more positively. The increased optimism of investors and analysts have several reasons.
The economic expectations of German financial experts in May lightened themselves much more than predicted. The mood barometer of the ZEW research institute rose by 39.2 points to plus 25.2 points compared to the previous month, as the Center for European Economic Research (ZEW) announced in Mannheim. On average, economists had expected a significantly lower increase.
“The formation of the new federal government, the movement in the customs disputes, as well as a stabilizing inflation rate contribute to the increased optimism,” says ZEW President Achim Wambach the current results. With the increase in May, the ZEW index made up for some of the losses from the April survey.
The previously very low assessment of the economic situation, on the other hand, has deteriorated a bit. The corresponding value fell 0.8 points to minus 82.0 points. On average, economists had expected minus 77.0 points.
dpa
Source: Stern
