German Economic Expectations Rose in December, Shouldn't Be Over-Interpreted - ZEW
December 11 2018 - 5:49AM
Dow Jones News
By Emese Bartha
FRANKFURT--German economic expectations rose in December but
they remained below the long-term average, the ZEW economic
research institute said Tuesday.
The measure of economic expectations rose to minus 17.5 points
from minus 24.1 points in November, the institute said. The
6.6-point increase from the previous month beat economists'
forecast for a minus 24.0 point reading in The Wall Street
Journal's survey. The December reading remained below the
historical average of 22.5 points, though.
"Although the rise in economic expectations is a welcome one, it
should not be over-interpreted," said ZEW President Achim
Wambach.
The assessment of the economic situation has worsened
dramatically for both Germany and the Eurozone and this is
indicative of relatively weak economic growth in the fourth
quarter, Wambach said. The looming international trade dispute and
Brexit have a particularly negative impact on private investment
and Germany's exports, he added.
The ZEW's measure of the current economic situation in Germany
fell 12.9 points to 45.3 points in December.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
December 11, 2018 05:34 ET (10:34 GMT)
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