The ZEW Indicator of Economic Sentiment for Germany recorded a steep decline in August 2024. At 19.2 points, it is 22.6 points below the value from the previous month.

Worrisome (although not surprisingly) development on the Economic Sentiment Indicator for August’24 for Germany and Euro area (month over month %) “…The ZEW Indicator of Economic Sentiment for Germany recorded a steep decline in August 2024. At 19.2 points, it is 22.6 points below the value from the previous month. The last time expectations deteriorated in a similar manner was July 2022. The assessment of the current economic situation in Germany also declined. The corresponding indicator fell by 8.4 points to a new value of minus 77.3 points. ..” https://www.zew.de/en/press/latest-press-releases/expectations-break-down

- Pedro

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