Economic Sentiment for April Dives to Record Lows, But Expectations Turn Positive in Europe
ZEW economic sentiment has declined further in Europe this month, but expectations for May have turned positive
The economic sentiment was negative in Europe most of last year due to the trade war between US and China. But, it turned positive in December and in January it increased above 25 points. Although, it cooled off in February as coronavirus started spreading in Europe and in March it turned negative again, falling to -50 points.
This month the ZEW economic sentiment declined further, falling to -91.5 points in Germany and the Eurozone, which is a record low. Below are the ZEW economic sentiment reports from the Eurozone and Germany:
Germany April ZEW Economic Sentiment Report
- April ZEW survey current situation -91.5 vs -77.5 expected
- March stood at -43.1 points
- Expectations 28.2 points vs -42.0 expected
- March expectations stood at -49.5
Eurozone April ZEW Economic Sentiment Report
- Eurozone April expectations at 25.2 points against -38.2 expected
- Eurozone March Expectations stood at -49.5
As seen from the reports above, the current economic situation fell to record low levels. But, the expectations for May have turned positive, increasing to 25.2 points for the Eurozone and to 28.2 points for Germany. This shows that economists are expecting Europe to start going back to normal next month. Let’s hope that’s what will happen, because we have gotten pretty bored from this isolation already.
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