The ZEW Indicator of Economic Sentiment for Germany decreased once more in July 2014. The indicator has lost 2.7 points and now stands at 27.1 points (long-term average: 24.7 points). The indicator has declined for the seventh consecutive time.
"Germany has experienced a slight dent in economic activity recently – retail sales have declined and industrial production as well as incoming orders have dropped. The current decrease of the ZEW Indicator of Economic Sentiment reflects this sobering development. On a general note, however, the medium-term economic outlook remains favourable”, says ZEW President Professor Clemens Fuest.
The assessment of Germany’s current economic situation declined by 5.9 points to 61.8 points in this month’s survey. The ZEW Indicator of Economic Sentiment for the Eurozone also decreased in July 2014. The indicator has lost 10.3 points compared to the previous month, now standing at 48.1 points. The indicator for the current economic situation in the euro area has declined by 3.8 points to minus 31.5 points.
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