Germany Is Cold

Germany’s ZEW index of investor confidence fell to 6.9

 

Germany’s ZEW index of investor confidence fell to 6.9 in September, down from 8.6 a month ago. While this was slightly better than the 5.0 expected by economists, it was nevertheless the lowest reading since December 2012.

“Eurozone sentiment indicators continue to point to downside risks ahead, with political risks from ongoing tensions in Ukraine, and the uncertainty over the Scottish independence vote later this week the main factors weighing on investor sentiment this month,” said Pantheon Macroeconomics’ Claus Vistesen.

“Additional easing by the ECB will help, but has not been enough, so far, to turn investor optimism around.”

Source: Business Intelligence, Sept. 16, 2014

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