Germany April ZEW Economic Sentiment Index at 70.7... Below Expectations

[Asia Economy Reporter Suyeon Woo] The ZEW - Leibniz Centre for European Economic Research, a German private economic research institute, announced on the 13th (local time) that the German Economic Sentiment Index for April stood at 70.7, falling short of market expectations. This figure is also lower than the previous month's 76.6.

A ZEW official explained the decline in the index by stating, "The fear of re-lockdowns due to the resurgence of COVID-19 has lowered expectations for private consumption."