ZEW data on Germany and Eurozone

According to published data, economic conditions in Germany and the Eurozone declined in October.

• The index of the current economic conditions of ZEW in Germany in October fell to around 87.0, against the value of September 87.9.
• The index of ZEW economic sentiment in Germany in October was 17.6, which is higher than the previous value at 17.0, but still below analysts’ forecast at 20.0.
• The index of ZEW economic sentiment from in Eurozone in October fell to around 26.7, against the September value 31.7.

The decline in these indicators has not affected the single currency, in connection with the expectation of data on inflation in the euro area, as well as against the continuing uncertainty about the independence of Catalonia. Read more about yesterday’s news …

Alexander Sivtsov