Improving economic sentiment in the euro zone

The Mannheim-based ZEW economic research institute’s economic sentiment index for Germany and the euro zone exceeded the expectations in April.

The ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute’s index of German economic sentiment increased to 11.2 points in April from the 4.3 points of March.
Analysts expected 8.0 points in April.

However, the indicator, assessing the current situation in Germany decreased by 3.0 points from the previous month to 47.7 points. Analysts expected some improvementsin April: 51.0 points after the 50.7 points in March. (MTI)