In December 2013 economic expectations for Central and Eastern Europe including Turkey (CEE) have slightly decreased. The ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has lost 4.1 points and now stands at a level of 37.5 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts’ expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Centre for European Economic Research (ZEW) in Mannheim with the support of Erste Group Bank, Vienna, since 2007.
The experts’ assessment of the current economic situation in the CEE region has slightly decreased, too. The respective indicator declined by 4.3 points and now stands at a level of 11.9 points.
Expert’s assessments of the respective CEE countries paint different pictures in December. Gaining 15.0 points economic expectations for Hungary show the strongest improvement in this month’s survey. In contrast, economic expectations for Turkey have displayed the largest decrease among all individual countries (down 8.7 points).
