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Sentiment in central and eastern Europe drops

Arrow downEconomic expectations in central and eastern Europe have decreased, almost fully reversing last month’s increase, according to the Centre for European Economic Research.

Based in Germany, the institute recorded a drop of 11.8 points in November on its scale to minus 36.8 points. The decline almost fully reversed October’s increase of 13 points.

Economic Expectations for the eurozone have slightly declined by 6.2 points to a level of minus 55.3 points.

It says sentiment in central and eastern Europe, regions which have held up better than the south, are feeling the effect of “fading prospects in the eurozone”.

Turkey and Poland saw their respective indicators drop by 22.6 points and 22.3 points respectively.

The survey is carried out among financial market experts by the Centre for European Economic Research in Mannheim and the Erste Group Bank in Vienna. It aims to develop indicators describing the economic conditions in Central and Eastern Europe.

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