ZEW: Eurozone, German economic sentimet down in July
The economic sentiment in Germany in July is expected to drop compared to June, the Centre for European Economic Research (ZEW) said on Tuesday. The sentiment for the entire Eurozone was forecast to fall in July as well. The Economic Expectations Index for Germany is at 63.3 in July, compared to 79.8 in June, while the same index for the Eurozone is at 61.2 from 81.3 in June.
Meanwhile, the Current Situation Index for Germany in July jumped to 21.9 from -9.1 in June, while it grew 30.4 points to 6 points in the Eurozone. The survey indicated that the economic situation in the country “continues to normalize” and that the Current Situation indicator “has clearly overcome the coronavirus-related decline.” Meanwhile, although the Economic Expectations Index fell “significantly,” the ZEW noted “it is still at a very high level. The financial market experts therefore expect the overall economic situation to be extraordinarily positive in the coming six months.”
Get involved!
Comments