- Prior 6.9
- Current conditions 3.2 vs 18 exp. Prior 25.4
- First negative number since Nov 2012
That’s a collapse and a half in the German business index
The folks at ZEW say;
- Disappointing figures concerning incoming orders, industrial production and foreign trade have likely contributed to growing pessimism
- Geopolitical tensions and weak economic developments in some parts of eurozone a source of persistent uncertainty
I’m going to rename the eurozone the deadzone
German ZEW economic sentiment 14 10 2014
