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ZEW Economic Sentiment for Germany unchanged in August

Tuesday, Sep 13 2016

The ZEW Indicator of Economic Sentiment for Germany remains unchanged in September 2016. The index stands at a level of 0.5 points. "The current ambiguity of economic impulses from Germany and abroad means that forecasts for the next few months are difficult. German exports, particularly to non-EU countries, as well as industrial production figures have disappointed. By contrast, the economic environment in the European Union is improving. Overall, the ZEW Indicator of Economic Sentiment suggests that the economic situation in Germany will remain favourable in the coming six months," comments ZEW-President Professor Achim Wambach.

The assessment of the current situation in Germany has slightly decreased. Falling by 2.5 points, the index now stands at 55.1 points. Financial market experts’ sentiment concerning the economic development of the eurozone has marginally improved. ZEW’s Indicator of Economic Sentiment for the eurozone has increased by 0.8 points to a reading of 5.4 points. Decreasing by merely 0.2 points in September 2016, the indicator for the current situation in the eurozone has remained virtually unchanged at a level of minus 10.5 points.

 

Euro is currently being traded around 1.1220 area. Pair is likely to find support around 1.12 handle and resistance above 1.1260 level.

More in this category: « UK CPI increased less than expected Westpac Consumer Sentiment increased by 0.3% »

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