Economic confidence in the Central and Eastern Europe (CEE), including Turkey, improved markedly in May, data from a survey by the Center for European Economic Research (ZEW) and the Erste Group Bank showed Friday.
The headline economic sentiment indicator, a measure of experts' expectations of the region's economy, increased by 9.2 points from the previous month to 14.6 points in May.
Meanwhile, the relevant index for the Eurozone remained unchanged at 9.1 points in May, after moving up 2.4 points in the previous month, data showed.
The indicator that measures the current economic situation in the CEE region, however, decreased by 2.8 points month-on-month to 2.7 points In May. The corresponding index for the Eurozone fell by 8.6 points to -52.2 points during the month.
The CEE region observed in the survey comprise Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia , Slovenia and since October 2010 Turkey.
by RTT Staff Writer
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