The markets get a nasty surprise from Germany, where the climate of confidence among investors it got worse. To measure the data is theZew index, which dropped to 53,3 points in April, from 54,8 in March. On average, analysts had instead forecast a strengthening of the indicator to 55,3. The one registered today is the first decline since last October.
The Zew index, developed by the German research company of the same name, examines the expectations of finance experts in the German business sector.
According to the president of Zew, Clemens Fuest, external factors weighed on the negative result, in particular “la weakness of the global economy which undermines the prospects for German exports”. In itself, in fact, the German economy shows a positive picture, “with a stable labor market – added the expert – and growing salaries”.
On the other hand, the Zew index relating to the valuation of current situation in Germany it improved considerably, jumping from 55,1 to 70,2 on the month and far beating the consensus of analysts, which did not go beyond 56 points.
The relative confidence climate index also rose to the Eurozone, which went from 63,7 to 64,8 points. Also in this case the analysts' estimates were for a rise, to 63,7.
