Sept. German ZEW indicator sees sharp drop to -4.3

Discussion in 'Economics' started by ASusilovic, Sep 14, 2010.

  1. LONDON (MarketWatch) -- The ZEW indicator of German economic sentiment fell sharply in September to -4.3 from 14 in August, the Mannheim-based Center for European Economic Research, or ZEW, said Tuesday. Economists surveyed by Dow Jones Newswires had forecast a drop in the index to 9.0. The index is based on a survey of financial analysts. "In their expectations, financial experts put more weight on risks than they did before," said ZEW President Wolfgang Franz. Worries include slower U.S. growth and unresolved problems in the euro zone, Franz said, adding that the risk of a double dip "remains low for Germany." The ZEW current-conditions assessment, meanwhile, rose further in September to 59.9 from 43.3 in August

    Economic sentiment -4.3, current conditions rises to 59.9 from 43.3. Makes sense, hum ?