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Investor Confidence Drops Again for Germany, Eurozone
The financial market's near-term confidence in Germany's economy has declined for the 10th consecutive month, according to the ZEW Indicator of Economic Sentiment.
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The financial market's near-term confidence in Germany's economy has declined for the 10th consecutive month, according to the ZEW Indicator of Economic Sentiment.
ZEW's closely watch index for Germany lost 10.5 points this month, falling to -3.6. The index began the year above 60 points.
A separate measure of Germany's current economic condition plunged 22.2 points to +3.2.
ZEW says the financial experts it polled believe Germany's economic situation will continue to decline over the medium term. The institute points to "persistent uncertainty" about geopolitical tensions, the eurozone's weak economy and "disappointing" reports about incoming orders, industrial production and foreign trade.
ZEW's index for the eurozone shows similar concern. It now stands at 4.1 points, down 10.1 from September. The index for confidence in current conditions in the region dropped 13 points to -56.8.
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