ZEW Indicator of Economic Sentiment September 2015
The ZEW Indicator of Economic Sentiment for Germany has declined in September 2015. Decreasing by 12.9 points compared to the previous month, the index now stands at a level of 12.1 points (long-term average: 24.9 points). “The weakening economic development in emerging markets dampens the economic outlook for Germany’s export-oriented economy. While economic growth in the second quarter was largely driven by external demand, it is becoming less likely that exports will stimulate growth in the near future,” says ZEW President Professor Clemens Fuest.
The assessment of the current situation in Germany has improved slightly. Increasing by 1.8 points, the index now stands at 67.5 points.
Financial market experts’ sentiment concerning the economic development of theEurozone has weakened. ZEW’s Indicator of Economic Sentiment for the Eurozone has decreased by 14.3 points to a reading of 33.3 points. Gaining 0.6 points in September 2015, the indicator for the current situation in the euro area has reached a value of minus 9.7 points.
