After slight losses (minus 1.7 points) in September, the ZEW Indicator of Economic Sentiment for Germany stands at 6.9 points (long-term average: 24.6 points). The indicator has thereby decreased for the ninth consecutive time, although to a much lesser extent than in August. "The downward trend of the ZEW Indicator of Economic Sentiment for Germany has slowed significantly. However, the economic climate is still characterised by great uncertainty. The risk of a sanction spiral with Russia continues to exist and economic activity in the eurozone remains disappointing. Last but not least, it is difficult to assess potential consequences of Scottish independence," says ZEW President Professor Clemens Fuest.