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Confidence in Germany’s Long-Term Economic Outlook Slips
A monthly poll of financial market experts finds rising confidence in Germany’s current economic conditions but a slightly less optimistic view of the future.
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A monthly poll of financial market experts finds rising confidence in Germany’s current economic conditions but a slightly less optimistic view of the future.
The closely watched ZEW Indicator of Economic Sentiment for Germany, which tracks confidence in the country’s economy six months from now, fell 2 points to 18.6 in June against a long-term average of 23.9.
But financial experts have grown more optimistic about today’s economy, pushing an index for that measure up 4.1 points to a six-year high of 88.0.
ZEW (the Center for European Economic Research) notes that respondents are encouraged by the EU economy overall. The research group says 71% predict current conditions will continue, and 25% predict further improvement over the next six months.
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