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ZEW Indicator of Economic Sentiment: Sentiment Continues to Improve – US Election Affects Economic Expectations


15 Nov 2016


Euro & Finance
Trade & Society
The ZEW Indicator of Economic Sentiment for Germany has increased substantially in November 2016. The index has improved by 7.6 points compared to October, now standing at 13.8 points (long-term average: 24.0 points).

"The ZEW Indicator of Economic Sentiment has increased the fourth time in a row – not least due to the positive economic figures seen in the US and China. The renewed increase is indicative of a stronger economic growth in the coming six months. The election of Donald Trump as US 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," comments ZEW President Professor Achim Wambach.

The assessment of the current situation in Germany has slightly decreased. Falling by 0.7 points, the index now stands at 58.8 points.

Financial market experts’ sentiment concerning the economic development of the eurozone has slightly improved, with the respective indicator increasing by 3.5 points to a reading of 15.8 points. The indicator for the current economic situation in the eurozone also climbed 3.5 points to a level of minus 9.3 points in November 2016.


Source: Centre for European Economic Research (ZEW)

206 analysts participated in the latest ZEW Financial Market Survey, which was conducted in the period 31 October – 14 November 2016. The analysts were surveyed in regard to their mid-term expectations concerning the economic development and capital market trends. The ZEW Indicator of Economic Sentiment reflects the balance of positive and negative assessments of the economic development on a six-month time horizon.


The Mannheim Centre for European Economic Research (ZEW)

ZEW works in the field of frontier empirical research in economics. The institute especially distinguished itself by working on internationally comparative studies in the context of Europe and by creating important scientific data bases, e.g. the Mannheim Innovation Panel (MIP) and the ZEW Start-up Panel. ZEW’s key objectives are to conduct excellent economic research, provide science-based economic policy advice and transfer knowledge. ZEW was founded in 1991. ZEW currently has a staff of approximately 190 employees, two thirds of whom are researchers.


Research at ZEW:

Labour Markets, Human Resources and Social Policy; Information and Communication Technologies; Economics of Innovation and Industrial Dynamics; International Finance and Financial Management; Environmental and Resource Economics, Environmental Management; Corporate Taxation and Public Finance; International Distribution and Redistribution; Market Design; Competition and Regulation.


For more information please contact:

Jesper Riedler, Phone +49 (0)621/1235-379, E-mail
Dr. Michael Schröder, Phone +49(0)621/1235-368, E-mail: