The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany’s ZEW economic sentiment index increased to 11.2 in April from 4.3 in March, exceeding expectations for a rise to 8.0.
The assessment of the current situation in Germany declined by 3.0 points to 47.7 points.
“Surprisingly positive economic news from China seem to have improved the sentiment amongst financial market experts. On balance, however, the continued poor growth in China and other important emerging markets continues to be a burden for the German export industry. Furthermore, concern about Great Britain’s possible exit from the EU seems to be having a negative impact,” head of the “International Finance and Financial Management” Research Department at ZEW, Sascha Steffen, said.
Eurozone’s ZEW economic sentiment index climbed to 21.5 in April from 10.6 in March, beating expectations for a decline to 8.8.
The assessment of the current situation in the Eurozone fell by 0.3 points to -12.1 points.
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