ZEW: German confidence plunge slows down

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The monthly ZEW Indicator of Economic Sentiment for Germany declined by 1.7 points compared to the previous month, at 6.9 points it reached a 21 months low. However, the ZEW highlights that the confidence plunge has slowed down.

The index, which is based on surveys among 234 analysts and institutional investors, has decreased for the ninth consecutive time, however, it declined less than anticipated. Consequently, the ZEW suggests that the drop in economic confidence may have reached a turning point.

However, 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.

Meanwhile, 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.

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ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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