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ZEW publishes lower-than-expected German Sentiment Index in August

The Center for European Economic Research (ZEW) announced that the economic sentiment index in Germany fell to -55.3 in August, below analysts’ expectations of -53.8 in July.

Sentiment indices were weighed down by fears of inflation and rising living costs.

The current economic conditions index fell to -47.6 from -45.8 in July.

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