Mexican Media Brands
Economic Sentiment in Germany Remains Unclear
Confidence among financial market experts in Germany remains muddied but slightly positive, according to the closely watched ZEW Indicator of Economic Sentiment.
#economics
Share
Confidence among financial market experts in Germany remains muddied but slightly positive, according to the closely watched ZEW Indicator of Economic Sentiment.
The index for September is unchanged at 0.5 points compared with a historic average of 24.1 points.
The Mannheim-based ZEW (Center for European Economic Research) cites an “ambiguity of economic impulses” that range from disappointing German exports to an improving economic environment for the EU overall.
The index’s assessment of current economic conditions slipped 2.5 points to 55.1 this month. But a similar measure of sentiment about the eurozone gained 0.8 to 5.4 points. ZEW says its overall indicator for Germany suggests a “favorable” outlook for Germany’s economy over the next six months.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.