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Germany Sees Slight Drop in November Economic Confidence
(MENAFN) Economic sentiment in Germany weakened marginally this month despite projections for the nation's overall economic trajectory holding relatively steady, the ZEW Institute announced Tuesday.
The ZEW Indicator of Economic Sentiment dropped to 38.5 points—a 0.8-point decline from the previous month's reading. Meanwhile, evaluations of present economic conditions showed minimal change, climbing 1.3 points to reach minus 78.7.
ZEW President Achim Wambach noted the metric displays overall consistency, yet trust in Germany's economic leadership capabilities continues its downward trajectory.
"The ZEW indicator of economic sentiment remains stable, but the overall mood is characterized by a fall in confidence in the capacity of Germany's economic policy to tackle the pressing issues," he said.
Wambach further cautioned: "Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist."
Across the broader eurozone, sentiment indicators registered modest gains, the institute reported, advancing 2.3 points to reach 25.0 in November.
The ZEW Indicator of Economic Sentiment dropped to 38.5 points—a 0.8-point decline from the previous month's reading. Meanwhile, evaluations of present economic conditions showed minimal change, climbing 1.3 points to reach minus 78.7.
ZEW President Achim Wambach noted the metric displays overall consistency, yet trust in Germany's economic leadership capabilities continues its downward trajectory.
"The ZEW indicator of economic sentiment remains stable, but the overall mood is characterized by a fall in confidence in the capacity of Germany's economic policy to tackle the pressing issues," he said.
Wambach further cautioned: "Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist."
Across the broader eurozone, sentiment indicators registered modest gains, the institute reported, advancing 2.3 points to reach 25.0 in November.
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