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Economic Sentiment Falls in Germany
Financial experts grew less optimistic about Germany’s economy in February, according to the ZEW Indicator of Economic Sentiment.
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Financial experts grew less optimistic about Germany’s economy in February, according to the ZEW Indicator of Economic Sentiment.
The index, which has been below its historical mean of 25 since mid-2015, fell 6.2 points to 10.4 this month. ZEW attributes the decline to weak production, retail sales and export data. Worries about Brexit, U.S. economic policy and the outcome of upcoming elections in Europe also contributed.
A separate index of expectations about the eurozone also slipped this month, falling 6.1 points to 17.1. One bright note: A measure of confidence in current economic conditions swung from -2.8 to +3.2, marking the first time the indicator has been in positive territory since July 2011.
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