The ZEW index of economic sentiment for the euro zone fell to 31.1 in September from 42.7 in August, falling well below the 52.2 expected. This is the fourth consecutive month that the indicator has lost positions after the all-time high reached in May at 84 points. Also, the September result is the weakest seen since April 2020, in full explosion of the first wave of the coronavirus pandemic.
The Germany Economic Sentiment ZEW it has also receded, falling to 26.5 from the previous 40.4, disappointing the 30 expected by the market. Today’s is the weakest result since March 2020.
The German current situation ZEW has improved. The indicator has risen to 31.9 from August 29.3, its highest level since December 2018. However, it has failed to reach the 30 points expected by the consensus.
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