Notes
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. ..”
