ZEW’s German economic sentiment index in October has been the lowest since the low point of last year’s crisis

By: Trademagazin editor Date: 2021. 10. 12. 11:12

The German economic sentiment index of the ZEW Economic Research Institute deteriorated further than market expectations in October and reached its lowest level since the low point of last year’s crisis in March 2020.

Investors are not very optimistic in Germany

According to a report published by ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) on Tuesday, the economic sentiment index fell by 4.2 points to 22.3 points in October, compared with the previous month. The index also fell below the 24.0-point market expectation. (MTI)