German Economic Sentiment Tumbles To Lowest Level Since 2011

• German Economy – Stock Market News Today •

Start Trading Now or Try a FREE Demo Account

Expectations for the German economy have slumped to their lowest level since the eurozone debt crisis eight years ago amid deepening concerns over the US-China trade dispute and the potential for a chaotic UK exit from the EU.

The Zew survey of financial market experts revealed on Tuesday that economic sentiment in August had dropped to minus 44.1, its lowest since December 2011 and much gloomier than estimates from analysts in a Reuters poll who had predicted it to be minus 28.5. The index had come in at minus 24.5 in July.

The experts polled showed that current conditions for the month were minus 13.5, down from minus 6.5 in July and worse than the predicted minus 7.

Turmoil in the country’s carmaking industry, the US-China trade spat and the prospect of a messy no-deal Brexit at the end of October have taken their toll on the export-orientated economy.

The poll points to a “significant deterioration in the outlook for the German economy”, said Achim Wambach, president of Zew. “The most recent escalation in the trade dispute between the US and China, the risk of competitive devaluations and the increased likelihood of a no-deal Brexit place additional pressure on the already weak economic growth. This will most likely put a further strain on the development of German exports and industrial production.”

11 Time-Tested Ways To Make Money: The internet offers many opportunities to generate passive income. Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn’t as difficsult as most make it out to seem…

Tuesday’s figures show the fifth consecutive monthly decline in the respected poll, while apart from April this year the indicator has shown negative figures since March 2018. The index has been below its long-term average of 21.8 points for three years since September 2015.

Quarterly gross domestic product figures, due on Wednesday, are expected by the Bundesbank and a Reuters poll of analysts to show that the German economy shrank 0.1 per cent in the three months to June. GDP in the first quarter had expanded 0.4 per cent while second-quarter eurozone growth came in at 0.2 per cent.

Funding Opportunities Available for All United States Citizens

“The financial market experts’ sentiment concerning the economic development of the eurozone also experienced a significant drop, bringing the indicator to a current level of minus 43.6 points, 23.3 points lower than in the previous month,” the survey said on Tuesday. The indicator for the current economic situation in the eurozone fell 3.9 points to a level of minus 14.5 points in August.






26 thoughts on “German Economic Sentiment Tumbles To Lowest Level Since 2011

  1. Pingback: Bond Market Recession Signal … – Stock Market News Today

  2. Pingback: Economic Calendar: Top 5 Things to Watch This Week – Stock Market News Today

  3. Pingback: Trump Dismisses Recession Fears – Stock Market News Today

  4. Pingback: Gold Falls as Risk Appetite Grows – Stock Market News Today

  5. Pingback: Italy’s Government Collapsed – Stock Market News Today

  6. Pingback: 5 Stocks To Buy Today … { September 2019 } – Stock Market News Today

  7. Pingback: Global Stocks Rise… All Eyes on the Fed – Stock Market News Today

  8. Pingback: Trump Will Hike Tariff Rates on Most Imports From China – Stock Market News Today

  9. Pingback: Financial Markets: Top 5 Things to Watch This Week – Stock Market News Today

  10. Pingback: Tump on Trade War: China Wants To Negotiate… – Stock Market News Today

  11. Pingback: Trump on Trade War: China Wants To Negotiate… – Stock Market News Today

  12. Pingback: Stock Markets – Major Indexes Extend Rally – Stock Market News Today

  13. Pingback: Stock Market Today: U.S. Stock Futures Point Sharply Lower – Stock Market News Today

  14. Pingback: Trade War: China & U.S. to Hold Trade Talks in October – Stock Market News Today

  15. Pingback: Trump Raises Pressure on Fed – Stock Market News Today

  16. Pingback: European Central Bank Launches New Bond-Buying Program – Stock Market News Today

  17. Pingback: PG&E Reaches $11 Billion Settlement with Insurers over Deadly Wildfires – Stock Market News Today

  18. Pingback: Australia’s Jobless Rate Unexpectedly Climbed – Stock Market News Today

  19. Pingback: Business News Today: Microsoft to Buy Back Up to $40 Billion in Stock – Stock Market News Today

  20. Pingback: Philip Morris & Altria End Merger Talks – Stock Market News Today

  21. Pingback: Conagra Brands Beats Profit Expectations – Stock Market News Today

  22. Pingback: Tokyo Inflation Slows To 16-Month Low – Stock Market News Today

  23. Pingback: Global Stocks Lifted by Hopes of More Easy Money – Stock Market News Today

  24. Pingback: 29% of Americans are Considered {Lower Class} – Stock Market News Today

  25. Pingback: U.S. to Impose New Tariffs on EU Goods – Stock Market News Today

  26. Pingback: The Federal Reserve Should Reduce Interest Rates to Stem an Economic Downturn – Stock Market News Today

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.