ZEW reports lower than expected sentiment index for Germany in September

The Center for European Economic Research (ZEW) announced that the economic sentiment index in Germany fell to -61.9 in September, below analysts’ expectations (-60.0), from -55.3 in August.

The sentiment index was dragged down by concerns about the energy crisis. This led to a jump in inflation and the cost of living and could plunge the German economy into recession.

An index below 0 indicates a lack of confidence in the economic outlook.

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