CONFIDENCE in the German economy fell again in September, marking the ninth consecutive month of decline, according to ZEW’s latest Indicator of Economic Sentiment.
The German economic research institute says the country’s financial community feels “great uncertainty” about the impact of sanctions against Russia, the weak eurozone and possible consequences of Scottish independence – resulting in a fall in the German economy.
The ZEW index currently stands at 6.9 compared with a historic average of 24.6.
The institute says confidence in Germany’s current economic condition fell nearly 19 points this month. ZEW’s indicators for the eurozone also weakened this month.
