ZEW Economic Sentiment Data for Germany and the Eurozone Sink Strongly in November

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The index Eurozone Economic Sentiment ZEW has fallen almost 20 points in November, sliding to 32.8 points from 52.3 in October and is well below the 63.7 expected.

This is the worst result seen since last April, in the middle of the first wave of the global coronavirus pandemic.

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The ZEW of Economic Sentiment of Germany has also fallen sharply, standing at 39 points compared to the previous 56.1, without reaching the 41.7 expected by the market. This is the weakest result seen in 7 months.

The German Current Situation ZEW has worsened to -64.3 in November from -59.5 in October, slightly improving the forecast -65.

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Credits: Forex Street

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