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Tuesday, the Centre for European Economic Research said its economic sentiment indicator decreased 2.1 points 45.1 in February. Economists had forecast a reading of 41. In January, the reading was 47.2. The assessment of the current economic situation in Germany improved slightly in February. The corresponding indicator rose by 1.8 points to minus 54.8 points, while the expectations was minus 53.
The economic expectations for the euro area decreased considerably in February by 6.2 points. The respective indicator now stands at 40.2 points. The indicator for the current economic situation in the Eurozone improved by 0.6 points and now stands at minus 62.1 points.
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