News Story

German ZEW Economic Sentiment Index Deteriorates in July

- The mood among German investors worsened in July, a survey showed on Tuesday.

The Mannheim-based ZEW research institute said its monthly survey showed its German economic sentiment fell to a negative 24.7 this month from minus 16.1 in June. That was compared to the consensus forecast for a reading of minus 18.0.

A separate gauge measuring investors’ assessment of the economy’s current conditions fell to 74.2 from 80.6 last month. That compared with the consensus forecast for a decrease to 78.2.

Meanwhile, the ZEW’s index of euro zone economic sentiment decreased to minus 18.7 in July from minus 12.6 a month earlier. Consensus expected the index to fall to minus 13.2.

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