The German economic sentiment index has deteriorated

By: Trademagazin editor Date: 2021. 07. 06. 11:01

The German economic sentiment index of the ZEW Institute for Economic Research deteriorated more than expected in July, but the indicator of the current situation fell into the positive range for the first time in two years.

The German Economic Sentiment Index (ESI) fell 63.3 points from 79.8 points in June. The market expected less deteriorating data of 75.2 points for July.

However, the opinion of about three hundred institutional investors surveyed about the current situation in Germany improved significantly, jumping from minus 9.1 points in June to 21.9 points, falling into positive territory for the first time after 23 months. Experts expected a 5.5-point July indicator. (MTI)