The ZEW Indicator of Economic Sentiment Stands at Minus 59.2 Points
The ZEW Indicator of Economic Sentiment for Germany increased slightly by 2.7 points to a value of minus 59.2 points in the current October 2022 survey. However, the assessment of the economic situation in Germany has again fallen sharply and currently stands at minus 72.2 points, 11.7 points lower than in the previous month. Despite the slight rise in expectations, the economic outlook for Germany has thus deteriorated significantly.
“The ZEW Indicator of Economic Sentiment rises slightly in October. However, the current economic situation is once again assessed as significantly worse than in the previous month. The probability that real gross domestic product will decline in the course of the next six months has also increased considerably. Overall, the economic outlook has deteriorated again,” comments ZEW President Professor Achim Wambach on current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone increased slightly by 1.0 points in October and currently stands at minus 59.7 points. The situation indicator dropped very sharply to minus 70.6 points, losing 11.7 points compared to the previous month’s value. Inflation expectations for the eurozone declined significantly in October. They currently stand at minus 35.8 points, 23.7 points below the September value.