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December 11, 2007 - Forex Economic News
German Economic sentiment declines in December.
The ZEW Economic Institute announced in a report released today that German economic sentiment declined due to uncertainty of the global markets and uncertainty about future economic growth. The ZEW report, comprised of survey results from 284 financial analysts and institutional investors, showed that the Indicator of Economic Sentiment fell to minus 37.2 in December after falling to 32.5 points in November. The report also showed that an indicator measuring the current economic status fell 6.5 points to 63.5 points in December. Citing less demand from the United States' cooling economy and the rise of the euro, the report noted that German export growth is potentially at risk. Read the report here.
Tags: Euro, German Economic Sentiment, ZEW Institute----------------- Blog index
