German sentiment index slightly lower, current situation improves

Expectations for the eurozone also remained stable, rising by 2.3 points to reach plus 25 points. The evaluation of the current economic situation in the bloc improved modestly, climbing 4.5 points to minus 27.3 points, ZEW said in a press release.

“The ZEW indicator of economic sentiment remains stable. But the overall mood is characterised by a fall in confidence in the capacity of Germany’s economic policy to tackle the pressing issues. Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist,” said ZEW president professor Achim Wambach, PhD on the most recent survey results.

ALCHEMPro News Desk (SG)