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German Economic Sentiment Slides Again
Germany's financial market continues to grow more cautious about the country's economic future, according to the closely watched ZEW Indicator of Economic Sentiment.
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Germany's financial market continues to grow more cautious about the country's economic future, according to the closely watched ZEW Indicator of Economic Sentiment.
ZEW's index, which has been declining since April, lost another 4.7 points in August to settle at 25.0 up from -3.6 last October but down from this year's high of 54.8 in March.
ZEW notes that Germany's current economy is strong, and its index of current conditions rose 1.8 points to 65.7. The institute says its outlook index declined because uncertain geopolitical and global economic conditions make significant further improvement "improbable" through the end of this year.
Germany's financial experts are more optimistic about future economic growth in the eurozone, according to a separate ZEW index. It gained 4.9 points in August to reach 47.6.
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