The ZEW Indicator of Economic Sentiment for Germany slightly declined in July 2013. The indicator fell by 2.2 points compared to the previous month and is now hovering at the 36.3-pointsmark (historical average: 23.7 points).
"The financial market experts stick to their overall positive forecast. This illustrates their confidence in the robustness of the German economy despite the rather weak figures concerning industrial production and foreign trade released recently", says ZEW President Prof. Dr. Clemens Fuest.
The assessment of the current economic situation for Germany improved slightly in July. The respective indicator increased by 2.0 points and now stands at the 10.6-pointsmark.
Economic expectations for the Eurozone slightly improved in July. The respective indicator increased by 2.2 points to 32.8 points. The indicator for the current economic situation in the Eurozone also improved and now stands at the minus 74.7-pointsmark (up 4.8 points).
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