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Economy in Brief

ZEW Expectations Rise Again as Current Conditions Erode
by Robert BruscaMarch 10, 2008

The ZEW index continues to show erosion in the current conditions index but the forward-looking expectations portion of the survey is up for two months running. A year ago current conditions stood at 69.2 compared to 32.1 in March 2008. Expectations were +5.8 a year ago and are now at -32. The current conditions reading in March stands at the 70th percentile in range. Expectations stand in the 20th percentile of its range. The turn in expectations is a hopeful sign since the expectations index is not all that erratic. Changes in direction tend to be lasting. So the upturn is an encouraging one at a time that the German economy is still in a period of turbulence and being battered by a still-rising euro rate.

ZEW Economic Index For Germany
  Level of Zew Index Averages
  Mar-08 Feb-08 Jan-08 Yr Ago 3-Mo 6-MO 12-MO
Current 32.1 33.7 56.6 69.2 40.8 54.4 68.5
Expectations -32 -39.5 -41.6 5.8 -37.7 -33.5 -12.9
Current 69.8 70.6 82.9 89.6 -- -- --
Expectations 19.9 15.0 13.6 44.8 -- -- --
Percentiles are readings in this period as percentile of the full range of values back to 1/92
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