The ZEW index declines for three months now

The business cycle and business sentiment indicator of ZEW Economic Research Company, decreased in June and July too. The index fell by 7.2 point to 21.2 points in July, compared to the 28.7 points of June.

The value of the index decreases for the third month, its value is considerably lower than the historical average of 27.4 points.
Economic analysts expected 26 points for July 26. In May, the index was still 45.8 points. The decline of June is the biggest decline since October 2008 – reports ProfitLine.hu.