- German ZEW economic sentiment hit 63.3 in July, down from 79.8 previously.
- The current ZEW situation for Germany came in at 21.9 in July versus -9.1 in June.
ZEW headline figures for Germany in July showed that the economic sentiment index worsened more than expected to 63.3 from 79.8 previously, below the estimates of 75.2.
In the meantime, the current conditions sub-index rebounded firmly to 21.9 in July compared to the -9.1 registered in the previous month and above expectations of 5.0.
Separately, ZEW economic sentiment for the eurozone in July fell to 61.2 compared to 81.3 previously and 84.4 planned.
ZEW President Achim Wambach said: “Economic development continues to normalize. The situation indicator for Germany has clearly outpaced the coronavirus-related decline. Although the ZEW indicator of economic sentiment has fallen significantly again, it remains at a very high level. “
“Experts in financial markets, therefore, expect the overall economic situation to be extraordinarily positive in the next six months“Wambach added.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
