ZEW: German economic sentiment worsens in November - Breaking The News
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ZEW: German economic sentiment worsens in November

Economy
Christian Baha / SM

1 min read

UNSPLASH / FLORIAN WEHDE

The economic sentiment indicator in Germany stood at 7.4 in November, decreasing by 5.7 points compared to the previous month's figure and coming in below expectations, the Centre for European Economic Research (ZEW) revealed in its report on Tuesday. The current situation indicator dropped by 4.5 points compared to last month's reading to reach negative 91.4 in November.

The Eurozone's economic sentiment worsened as the economic sentiment indicator for the euro area fell by 7.6 points from October to stand at 12.5. The current situation index in the region was down by three points month-on-month to reach negative 43.8 in November.

"Economic expectations for Germany are influenced by Trump's victory and the end of the traffic light coalition. Expectations are falling in the current survey, although this is likely to be due in particular to the outcome of the US presidential election," ZEW President Professor Achim Wambach stated.

zewdataeconomic sentiment
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