Economic confidence in Germany fell in June to a 7-month low

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A report by ZEW noted a sharp decline in economic confidence in Germany in June. The index of investor confidence in the German economy fell to minus 21.1 points from the May value to minus 2.1 points. The June value was the lowest since November 2018. According to economists, it was expected to drop to minus 5.6 points. The assessment of the current situation in June dropped to 7.8 points from 8.2 points a month earlier. Experts predicted an even greater decline - to 6.1 points. The main reason for the fall of the index is the increased uncertainty regarding the prospects for the global economy against the background of weak economic indicators in Germany at the beginning of the second quarter. The index of economic sentiment in the euro area fell in June to 18.6 points from 20.2 points a month earlier.

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