Germany

Economic expectations remain on low level

Article by Ulrike Knaus, translated by Susanne Höfler | 17.07.2019 - 09:38

In July, business expectations of the ZWE (Centre for European Economic Research) declined slightly. With a current level of -24.5 points , 3.4 points were lost compared to the previous month.

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Business expectations history for Germany © ZEW – Leibniz Centre for European Economic Research

The new value of Germany's situation indicator for July is -1.1 points. "Especially the continuation of the negative trend with regards to order intake of the German industry probably confirms the economic pessimism of financial market experts," ZEW president Prof. Achim Wambach comments.

The ZEW economic expectation for the eurozone is -20.3 points (-0.1 points compared to the previous month). Expectations of financial market experts for the economic development in the eurozone are slightly deteriorating. The indicator for the current economic situation in the euro area drops by 6.9 points resulting in a current level of -10.6 points.

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