ZEW Indicator of Economic Sentiment for Germany October 2014
The index based on surveyed German institutional investors and analysts brought sentiment reeling down in the strongest Euro Zone country. The mood had already been affected with some fallout from the Russian sanctions holding exports down. Germany was also at the mercy of this week’s IMF meeting in Washington, calling for the state to share their fiscal space with the rest of Europe, and called on to invest more in infrastructure and education.
ZEW, the think tank located in Mannheim, reported the figures and their analysis today.
Key points from ZEW President Professor Clemens Fuest
Indicator down by 10.5 points, standing at -3.6 points.
This is a decrease for the tenth consecutive month.
Indicator has returned to negative territory for the first time since November 2012.
Reasons for downward slump: Geopolitical tensions, weak economic development in some parts of the Eurozone, disappointing figures concerning incoming orders and industrial production, and pessimistic foreign trade.
The indicator for the current economic situation in the euro area has decreased by 13.0 points to a value of minus 56.8 points.
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