German economic sentiment index slid in August
German economic sentiment The ZEW Indicator of Economic Sentiment for Germany fell sharply by 7.5 points to 10 in August 2017, way below market consensus of 15. It was the lowest reading since October last year, as both weaker than expected German exports as well as the widening scandal in the country’s automobile sector raised doubts about the future path of growth. In August,
German economic sentiment
19.4 percent of financial market experts expected economic activity growth to pick up while 9.4 percent expected a slowdown and 71.2 percent expected the expansion to remain at a steady pace. Meanwhile, the assessment of the current economic situation in Germany increased by 0.3 points to 86.7 in August, beating market expectations of 85.5. Zew Economic Sentiment Index in Germany averaged 23.80 from 1991 until 2017, reaching an all time high of 89.60 in January of 2000 and a record low of -63.90 in July of 2008
In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about current economic situation and expected economic developments for the next 6 months. The survey covers up to 350 experts from banks, insurance companies and financial departments of selected corporations.Participants are asked about their six-months expectations concerning the economy, inflation rates, interest rates, stock markets and exchange rates. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. The ZEW indicator measures the confidence on a scale of -100 (all analysts are unhappy with the current developments and expect the conditions to deteriorate) up to 100 (all analysts are satisfied with the current situation and expect it to improve). A 0 value indicates neutrality. This page provides the latest reported value for – Germany Zew Economic Sentiment Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Zew Economic Sentiment Index – actual data, historical chart and calendar of releases – was last updated on August of 2017
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