Thu, Sep 29, 2022 @ 07:10 GMT
HomeLive CommentsGermany ZEW dropped to -55.3, further decline in already weak economic growth

Germany ZEW dropped to -55.3, further decline in already weak economic growth

Germany ZEW Economic Sentiment dropped slightly from -53.8 to -55.3 in August, below expectation of -52.7. Current Situation index dropped from -45.8 to -47.6, above expectation of -48.0.

Eurozone ZEW Economic Sentiment dropped from -51.1 to -54.9, below expectation of -52.0. Current Situation Index rose 2.5 pts to -42.0. Eurozone inflation expectations rose 2.1 pts to -23.5, indicating a reduction of the high inflation rates within the next six months.

“The ZEW Economic Expectations decrease again slightly in August after a sharp drop in the previous month. The financial market experts therefore expect a further decline in the already weak economic growth in Germany. The still high inflation rates and the expected additional costs for heating and energy lead to a decrease in profit expectations for the private consumption sector. In contrast, the expectations for the financial sector are improving due to the supposed further increase in short-term interest rates”,  comments Michael Schröder, researcher at ZEW and head of the ZEW financial market survey, on current results.

Full release here.

Featured Analysis

Learn Forex Trading