ZEW report shows major Slump in Economic Outlook

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Tuesday, Jun 12 2018

ZEW report shows major Slump in Economic Outlook

The ZEW Indicator of Economic Sentiment for Germany recorded a decrease of 7.9 points in June 2018 and now stands at minus 16.1 points. This is the lowest reading since September 2012 and well below the long-term average of 23.3 points. The assessment of the current economic situation in Germany decreased by 6.8 points, leaving the corresponding indicator at 80.6 points.

Meanwhile, the indicator for the current economic situation in the Eurozone has sunk by a dramatic 16.2 points to a level of 39.9 points. This decline in the outlook for the Eurozone can largely be attributed to a far more pessimistic assessment of the Italian economy. Economic expectations for Italy fell 31.7 points to a level of minus 48.4 points, while the assessment of the current situation in Italy saw a 14.3-point drop down to minus 32.8 points.

More in this category: « UK Industrial Production down by 0.8% UK CPI unchanged in May »

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