ZEW's German economic sentiment rises for fourth consecutive month in November

The ZEW Indicator of Economic Sentiment for Germany has continued to improve significantly in November. The index has risen by 7.6 points to 13.8 points in November from October’s 6.2 level. The long-term average is 24 points. This is the fourth consecutive rise in the sentiment index – not least due to the positive economic prints seen in China and the U.S., noted ZEW President Professor Achim Wambach. The renewed rise signals a more robust economic growth in the next six months.

“The election of Donald Trump as U.S. President and the resulting political and economic uncertainties, however, have made an impact. After the election, the economic sentiment has been less positive than before,” stated ZEW President Professor Achim Wambach.

The current situation index of Germany has decreased slightly in November. The index dropped 0.7 points from the previous month to 58.8 points.

Meanwhile, the financial market experts’ sentiment regarding the euro area’s economic development has rebounded somewhat. The ZEW indicator of economic sentiment for the currency bloc rose by 3.5 points in November to 15.8 points. The current economic situation index for the eurozone also rose in the month by 3.5 points to -9.3 points in the month.