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21 Apr 2015
German Zew Economic Sentiment drops in April
FXStreet (Mumbai) - The German Zew economic sentiment index for April came-in at 53.3, missing the estimate of 55.5, and down from 54.8 in March.
The current situation index rose to 70.2 in April, beating the estimate of 56.00, and up from 55.1 in March. Meanwhile, The Eurozone economic sentiment index also beat the expectation of 63.7 to print at 64.8 in April.
The ZEW institute said the German economy is in a good shape, courtesy of stable labor market and rising wages leading to strengthening confidence and a rise in consumption. The institute blamed the world economy for dampening exports.
The current situation index rose to 70.2 in April, beating the estimate of 56.00, and up from 55.1 in March. Meanwhile, The Eurozone economic sentiment index also beat the expectation of 63.7 to print at 64.8 in April.
The ZEW institute said the German economy is in a good shape, courtesy of stable labor market and rising wages leading to strengthening confidence and a rise in consumption. The institute blamed the world economy for dampening exports.