Prior -68.9Outlook 19.2 vs 32.0 expectedPrior 41.8
The reading marks a setback to the slight German economic recovery earlier in the year. Meanwhile, the outlook is also worsening with ZEW noting that expectations for export-intensive German sectors are on the decline. That is not helped by worsening climates for the euro area, US, and also China.
This article was written by Justin Low at www.forexlive.com.
