The ZEW Indicator of Economic Sentiment for Germany has dropped by 6.1 points in July 2011. The indicator now stands at minus 15.1 points. This value is below the indicator’s historical average of 26.2 points.
Compared to the previous month economic expectations have declined moderately in July. Despite the robust economic situation, the public debt problems of some countries in the eurozone have dampened economic sentiment. Furthermore, the economic and fiscal situation in the United States is watched with increasing concern.
"In the light of the unstable global economic surroundings, the question arises how long the German economy will continue to grow at the present pace," says ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz.
The assessment of the current economic situation in Germany has improved once again in July. The corresponding indicator has risen by 3.0 points to 90.6 points. Economic expectations for the eurozone have decreased by 1.1 points in July. The respective indicator now stands at minus 7.0 points. The indicator for the current economic situation in the eurozone has dropped by 1.5 points and now stands at 2.3 points.
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