The economic sentiment of Germany remained unchanged in September, close to
the lowest level in nearly four years. The ZEW Centre of Economic Research
stated that the economic sentiment index stayed at 0.5 in September, as compared
with projections of a rise to 2.5.
The current situation index dropped a
tad in September, falling by 2.5 points to 55.1 points. According to
ZEW-President Professor Achim Wambach, the present ambiguity of economic
impulses from Germany and abroad signifies that projections for the next few
months are difficult. Exports from Germany, especially to non-EU nations, as
well as industrial production data have disappointed. On the contrary, economic
environment in the EU is improving.
“Overall, the ZEW Indicator of
Economic Sentiment suggests that the economic situation in Germany will remain
favourable in the coming six months", added Wambach.
Meanwhile, the
financial market experts’ sentiment regarding the euro area’s economic
development has improved marginally. ZEW’s Indicator of Economic Sentiment for
the euro area has risen by 0.8 points to 5.4 points. In the meantime, the
current situation indicator has continued to remain unchanged at -10.5
points.