FOREX TradingCharts.com

Financial News: German Economic Sentiment Improves Sharply, Yet Economic O

German Economic Sentiment Improves Sharply, Yet Economic Outlook Negative

09/17/2019 - 09:00:00 (RTTNews)

(RTTNews) - Germany's economic sentiment improved strongly and at a faster-than-expected pace in September, after a slump in August, but the economic outlook remains negative, results of a survey by the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.

The ZEW Indicator of Economic Sentiment for Germany climbed to -22.5 from -44.1 in August. Economists had expected a -38 reading. The score was close to the -21.1 logged in June, but remained below the long-term average of 21.5 points. The current conditions index of the survey, however, fell to -19.9, the lowest level since May 2010, from -13.5 in August. Economists had expected a decline to -15. "The rise of the ZEW Indicator of Economic Sentiment is by no means an all-clear concerning the development of the German economy in the next six months. The outlook remains negative," ZEW President Achim Wambach said.

The rather strong fears that financial experts had in the previous month regarding a further intensification of the trade conflict between the USA and China did not come true, Wambach noted.

Further, there is still hope that a no deal Brexit can be avoided, he said.

Investor confidence was also boosted by the additional stimulus measures unveiled by the European Central Bank, Wambach added.

The economic sentiment index for Eurozone climbed to -22.4 from -43.6 in August. The current conditions index for euro area fell by 1.1 points to minus 15.6. An improvement in economic sentiment can be expected in coming months if the talks between the US and China, set to resume in October, produce any solution to the heightened trade tensions. The German economy contracted 0.1 percent in the second quarter due to weak foreign demand. Given the risks of recession, calls for stimulus have strengthened.

Last week, the ifo Institute predicted that the biggest euro are economy would slip into a recession in the third quarter. Two consecutive quarter of contractions implies a technical recession.

Ifo said the German economy will grow only 0.5 percent this year, instead of 0.6 percent estimated earlier. The projection for 2020 was downgraded to 1.2 percent from 1.7 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Consumer Confidence Improves In October (07 hr(s), 12 min(s), 48 sec(s) ago)
(RTTNews) - Belgium's consumer confidence rose for the first time in three months in October, ...Full Story»

Germany May Have Entered Recession In Q3: Bundesbank (08 hr(s), 16 min(s), 48 sec(s) ago)
(RTTNews) - Germany might have entered a technical recession in the third quarter, the Bundesbank ...Full Story»

Latvia Producer Price Inflation Rises In September (08 hr(s), 47 min(s), 48 sec(s) ago)
(RTTNews) - Latvia's producer price inflation rose in September for the first time in nearly a ...Full Story»

Slovenia Output Prices Rise Further In September (08 hr(s), 55 min(s), 48 sec(s) ago)
(RTTNews) - Slovenia's output price inflation rose in September, figures from the Statistical ...Full Story»

Croatia Jobless Rate Falls In September (09 hr(s), 44 min(s), 48 sec(s) ago)
(RTTNews) - Croatia's jobless rate fell marginally in September after remaining unchanged in t ...Full Story»

Swiss Money Supply Growth Weakest In 11 Months (09 hr(s), 45 min(s), 48 sec(s) ago)
(RTTNews) - Switzerland's money supply grew at the slowest pace in nearly a year in September, ...Full Story»

Poland Retail Sales Rise In September (09 hr(s), 54 min(s), 48 sec(s) ago)
(RTTNews) - Poland's retail sales grew in September from last year, figures from Statistics Po ...Full Story»

UK Household Finances Remain Under Pressure (09 hr(s), 57 min(s), 48 sec(s) ago)
(RTTNews) - UK households' perception of financial wellbeing remained negative in October but ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Consumer Confidence Improves In October

10/21/2019 - 09:40 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence rose for the first time in three months in October, ...Full Story>>

Germany May Have Entered Recession In Q3: Bundesbank

10/21/2019 - 08:36 AM (RTTNews)
(RTTNews) - Germany might have entered a technical recession in the third quarter, the Bundesbank ...Full Story>>

Latvia Producer Price Inflation Rises In September

10/21/2019 - 08:05 AM (RTTNews)
(RTTNews) - Latvia's producer price inflation rose in September for the first time in nearly a ...Full Story>>

Slovenia Output Prices Rise Further In September

10/21/2019 - 07:57 AM (RTTNews)
(RTTNews) - Slovenia's output price inflation rose in September, figures from the Statistical ...Full Story>>

Croatia Jobless Rate Falls In September

10/21/2019 - 07:08 AM (RTTNews)
(RTTNews) - Croatia's jobless rate fell marginally in September after remaining unchanged in t ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.