Tuesday, 20 September 2011

German ZEW Economic Sentiment Weakens In September

(RTTNews) - Germany's economic sentiment deteriorated for the seventh month in a row in September, survey results from Mannheim-based ZEW Centre for European Economic Research showed Tuesday.

The index of economic sentiment fell by 5.7 points to -43.3 points. Economists were expecting the indicator to drop to -45.
The assessment of the current economic situation was markedly positive but lost ground once again in September. The corresponding indicator slipped by 9.9 points to 43.6 points. The expected reading was 45.

Economic expectations for the eurozone declined by 4.6 points to -44.6 points. The indicator for the current economic situation in the eurozone fell by 8.8 points to -27.9 points.

No comments:

Post a Comment

Visit us