German ZEW Economic Sentiment Index Drops April

The ZEW Institute for Economic Research said that investor sentiment in Germany recorded a sudden decline in April, pointing to growing concerns about the imposition of tougher isolation measures in Europe’s largest economy, reducing private consumption.

The German ZEW headline numbers for April showed that the Economic Sentiment Index dropped to 70.7 versus 79.0 expectations and 76.6 last.

While the sub-index Current Conditions figure arrived at -48.8 in April versus -53.0 expected and -61.0 booked previously.

Meanwhile, the Eurozone ZEW Economic Sentiment for April fell to 66.3 vs. 73.2 expected and 74.0 last.

“Outlook for exports is better than in the previous month,” ZEW President Professor Achim Wambach said.