[INFINOX UPDATE] German ZEW Economic Sentiment still deteriorating in October, Tuesday 12th Oct

German ZEW Economic Sentiment deteriorates further

“The outlook for the German economy has dimmed noticeably”. This was a quote from the German economic research institute, the ZEW.

"The outlook for the German economy has significantly deteriorated." This is a quote from the German Economic Research Institute ZEW.

The German ZEW Economic Sentiment indicator has deteriorated for a fifth consecutive month today, but also came in worse than expected. The miss was driven by a deterioration in the Current Conditions component.

  • German ZEW Economic Sentiment drops to 22.3 in October, from 26.5 in September (a decline to 24.0 was forecast)

  • German ZEW Current Conditions falls to 21.6 from 31.9 (a deterioration to 28.5 had been forecast)