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Germany’s Economic Confidence Slightly Dips
(MENAFN) Economic optimism in Germany experienced a modest decline in November, even as anticipations regarding the nation’s overall economic outlook remained mostly steady, according to the Mannheim-based ZEW Institute on Tuesday.
The ZEW Indicator of Economic Sentiment dropped to 38.5 points, marking a decrease of 0.8 points compared with October.
Meanwhile, the evaluation of the present economic situation remained relatively stable, increasing by 1.3 points to minus 78.7.
ZEW President Achim Wambach noted that, while the indicator shows overall stability, trust in Germany’s economic policy-making continues to erode.
“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 commented.
Wambach further stated, “Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist.”
Looking at the broader eurozone, expectations recorded a slight uptick, climbing 2.3 points to 25.0 in November, as reported by the institute.
The ZEW Indicator of Economic Sentiment dropped to 38.5 points, marking a decrease of 0.8 points compared with October.
Meanwhile, the evaluation of the present economic situation remained relatively stable, increasing by 1.3 points to minus 78.7.
ZEW President Achim Wambach noted that, while the indicator shows overall stability, trust in Germany’s economic policy-making continues to erode.
“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 commented.
Wambach further stated, “Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist.”
Looking at the broader eurozone, expectations recorded a slight uptick, climbing 2.3 points to 25.0 in November, as reported by the institute.
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