After slight losses (minus 1.7 points) in September, the ZEW Indicator of Economic Sentiment for Germany stands at 6.9 points (long-term average: 24.6 points). The indicator has thereby decreased for the ninth consecutive time, although to a much lesser extent than in August.
“The downward trend of the ZEW Indicator of Economic Sentiment for Germany has slowed significantly. However, the economic climate is still characterized by great uncertainty. The risk of a sanction spiral with Russia continues to exist and economic activity in the Eurozone remains disappointing. Last but not least, it is difficult to assess potential consequences of Scottish independence”, says ZEW President Professor Clemens Fuest.
The assessment of the current economic situation in Germany has decreased substantially. The respective indicator has lost 18.9 points and now stands at 25.4 points.
The ZEW Indicator of Economic Sentiment for the Eurozone has declined in September. The indicator has lost 9.5 points compared to the previous month, now standing at 14.2 points. The indicator for the current economic situation in the euro area decreased by 10.0 points to a value of minus 43.8 points.