ZEW: financial professionals are cautiously optimistic

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Economic

ZEW: financial professionals are cautiously optimistic

The economic Outlook for Germany, according to estimates by market professionals currently stable. The economic Situation for the coming half-year rate unchanged.

The ZEW Index of the Mannheim centre for European economic research in September was, as in the previous month at 0.5 points, as the Institute announced on Tuesday its monthly survey of 205 analysts and investors. Economists had expected a rise of 2.5 points.

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The pulses from the In – country and abroad were “ambiguous” and difficult the Outlook for the next months, said ZEW President Achim Wambach. He pointed out that negative reports from the foreign trade, as well as the German industrial production is an “improving economic environment” to stand in the European Union. The economic expectations pointed to “a continuing good economic situation in the coming half year”.

Brexit-shock is not overcome yet

Not “a significant recovery of the economic barometer after the Brexit-shock,” the Analyst said Thomas Gitzel by VP Bank. With a view to the most recently published economic data, this was justified. “The order intake and industrial production on a very slow development in the manufacturing sector are closing,” said Gitzel. In addition, the next political shock holes are already within reach. “The U.S. presidential elections and the Italian constitutional referendum that could fuel the economic uncertainties at the end of the year.”

In the first quarter, the German economy had expanded by a strong 0.7 percent, and grew in the spring of 0.4 percent. The Federal Ministry of Economics assumes that the economy loses in the second half of the year to pace.

The Index for the current economic situation in Germany fell slightly by 2.5 points to 55.1 points. In the Eurozone the indicator of economic development increased by 0.8 to 5.4 points, in the current situation, there was a minimal decrease of 0.2 to minus 10.5 points.

ul/hb (afp, rtr, dpa)