Germany ZEW plunged on higher interest and weak export markets

Germany’s ZEW Economic Sentiment for July plunged significantly, from -8.5 to -14.7, far underperforming the expected -9.5. Additionally, Current Situation Index dropped from -56.5 to -59.5, a decline which was marginally better than anticipated -60.0. Similarly, Eurozone’s ZEW Economic Sentiment also fell from -10 to -12.2 in July, coming in under the anticipated -10.2. Current […]

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