Eurozone ZEW-Konjunkturerwartungen

The ZEW Indicator of Economic Sentiment for the Euro Area continued to plummet in August 2024, dropping 25.8 points to a nine-month low of 17.9, well below forecasts of 35.4. It marks the second consecutive month of deterioration in the morale gauge, amid ongoing uncertainty about the economic outlook and the direction of monetary policies. In August, about 54.3 percent of the surveyed analysts expected no changes in economic activity, 31.8 percent predicted an improvement and 13.9 percent anticipated a deterioration. In the meantime, the indicator of the current economic situation rose by 3.7 points to -32.4 and inflation expectations went up by 2 points to -39.1.