The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment for Germany slipped 5.9 points in August 2012 to a level of -25.5 points. While this is the lowest value of the indicator so far in 2012, it is well above the negative balance it reached during the financial crisis. In 2008 economic expectations temporarily fell below the minus 60 points-mark.
The decline in August indicates that financial market experts still expect the German economy to cool down throughout the next six months.
The assessment of the current economic situation for Germany declined slightly compared to the previous month. The respective indicator dropped by 2.9 points in August to 18.2 points.
Economic expectations for the eurozone hardly changed in August. The corresponding indicator grew by 1.1 points to -21.2 points. And the indicator for the current economic situation in the eurozone retreated 2.2 points to -75.1 points.
ZEW is one of Germany’s leading economic research institutes. It provides regular interviews on the situation on the financial markets and the economic situation of the information industry as well as the large-scale annual study on innovation activities in the German economy.
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