German ZEW economic indicator

Tuesday, 17 July 2012 10:06

The economic sentiment prepared by ZEW for the biggest European economy decreased by 2.7 point in July, to reach minus 19 points.
This was a third successive decline of index in Germany.
In June economic indicator stood at minus 16.9 and for July analysts estimated reading no lower than 17.3 points.
The economic sentiment pictures forecast of German investors for the next 6 months economic outlook.
For the whole EU index fell even more to minus 22.3 points.
After data release the couple EUR/USD was traded at 1.2296.