The ZEW Indicator of Economic Sentiment for Germany over the next six months decreased by 4.2 points (month-over-month) in November to a reading of -15.7. The drop may have been party due to weak incoming orders in the German manufacturing sector. ZEW President Wolfgang Franze provided his take on the down tick, “prevailing recessionary developments in the Eurozone impact the German economy via foreign trade and a lack of confidence. This is likely to be a burden for economic growth in Germany during the next six months.”
