Indicator of economic sentiment for Germany decreased slightly in July - ZEW

According to the report from ZEW, the Indicator of Economic Sentiment for Germany decreased slightly in July 2020. Expectations are now at 59.3 points, 4.1 points lower than in the previous month. Economists had expected a decrease to 60. The assessment of the economic situation in Germany has improved slightly for the second time since January 2020. The corresponding indicator currently stands at minus 80.9 points, an increase of 2.2 points compared to June. 

“The outlook for the German economy largely remains unchanged compared to the previous month. After a very poor second quarter, the experts expect to see a gradual increase in gross domestic product in the second half of the year and in early 2021,” comments ZEW President Professor Achim Wambach.

Financial market experts’ sentiment concerning the economic development of the eurozone has improved for the fourth consecutive time, with the corresponding indicator climbing 1.0 points to a current level of 59.6 points compared to the previous month. The indicator for the current economic situation in the eurozone climbed 0.9 points to a level of minus 88.7 points.