German Investor Morale Falls to 11-Month Low
2024-09-17 09:10
By
Joana Taborda
1 min. read
The ZEW Indicator of Economic Sentiment for Germany decreased sharply to 3.6 in September 2024, the lowest since October 2023, compared to 19.2 in August and forecasts of 17.
It marks a third consecutive month of falls in economic sentiment, with the optimism in economic expectations that has been evident since November 2023 almost completely dwindled.
"The hope for a swift improvement in the economic situation is visibly fading.
The number of optimists and pessimists is now evenly balanced", said ZEW president Achim Wambach.
Also, the current conditions index decreased to -84.5, the lowest since May 2020, from -77.3.