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Another Drop in Confidence in Germany’s Economy
The financial community continues to show less optimism for the German economy, the ZEW Indicator of Economic Sentiment shows.
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The financial community continues to show less optimism for the German economy, the ZEW Indicator of Economic Sentiment shows.
The German economic institute's index peaked at a record 62.0 last December. But it has steadily dropped since then, falling 2.7 points to a 19-month low of 27.1 from June to July.
Results were dragged down by a 5.9-point decline in a component of the index that measures sentiment about current economic conditions. ZEW says the medium-term outlook component "remains favorable."
ZEW's sentiment index for the eurozone also fell this month, losing 10.3 points to 48.1 from June to July.
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