outdoor dinette set near brown concrete building at nighttime

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.

Leave a Reply

%d bloggers like this: