The ZEW Eurozone and German Economic Index declined strongly in April, but remains highly optimistic
For April, instead of the expected increase, the ZEW Economic Research Institute’s investor sentiment index in Germany and the euro area declined, but in absolute terms it is at a high level, reflecting strong confidence in the economic outlook.
In the April survey of the ZEW Institute for Economic Research (ZEW – Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH), the business sentiment index for Germany fell from 76.6 points in the previous month to 5.7 points to 70.7 points. The market consensus was 79.0 points for April. (MTI)
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