The ZEW indicator of German economic sentiment fell once more in July 2014. The indicator has lost 2.7 points and now stands at 27.1 points (long-term average: 24.7 points). The indicator has declined for the seventh straight time - - the Centre for European Economic Research (ZEW - - Zentrum für Europäische Wirtschaftsforschung) in Mannheim is a nonprofit and independent institute. It was founded in 1990 on the basis of a public-private initiative in the federal state of Baden-Württemberg in co-operation with the University of Mannheim.
"Germany has experienced a slight dent in economic activity recently – retail
sales declined and industrial production as well as incoming orders dropped. The
current decrease of the ZEW Indicator of Economic Sentiment reflects this
sobering development. On a general note, however, the medium-term economic
outlook remains favourable,” said Prof Clemens Fuest,
Some 238 analysts participated in the July-survey which was conducted during the period 6/30-7/14/2014. Analysts were asked about their expectations for the next 6 months.
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