The sky is clouded over Europe

The ZEW Indicator of Economic Sentiment for Germany has declined in September 2015. Decreasing by 12.9 points compared to the previous month, the index now stands at a level of 12.1 points (long-term average: 24.9 points).

ZEW’s Eurozone trade indicator for September delinded from the 47.6 points opf August to 33.3 in September. Analysts expected 2.1 points. The company explains the large drop in August with the panic on the emerging markets that negatively affected the developed European prospects as well. (portfolio.hu)