German ZEW Economic Sentiment dropped to 70.7 in April, down from 76.6, below expectation of 79.5. That’s the first decline since November. Current Situation index improved to -48.8, up from -61.0, above expectation of -52.0. Eurozone ZEW Economic Sentiment dropped to 66.3, down from 74.0, below expectation of 73.2. Current Situation index rose 4.3 pts to -65.5.
“The financial market experts are somewhat less euphoric than in the previous month. The ZEW Indicator of Economic Sentiment is, however, still at a very high level and the current situation is assessed much more positively than in March. Fears of a stricter lockdown have led to a decline in expectations for private consumption. Nevertheless, the outlook for exports is better than in the previous month,” ZEW President Professor Achim Wambach comments on the current expectations.
