Alemanha Sentimento Econômico ZEW

The ZEW Indicator of Economic Sentiment for Germany plunged to 19.2 in August 2024 from 41.8 in July, the lowest in seven months and well below market expectations of 32. This marked a significant 22.6 point decline from July, the largest plummet since July 2022. "The economic outlook for Germany is breaking down," said ZEW president Achim Wambach. Economic expectations are still affected by a high level of uncertainty, driven by ambiguous monetary policy, disappointing business data from the US economy and growing concern about an escalation of the conflict in the Middle East, Wambach said. Additionally, the current conditions index decreased to a four-month low of -77.3 from -68.9 in July.