Germany’s ZEW Economic Sentiment Indicator shows a minor uptick in the survey conducted in September 2023, mirroring the trend from the previous month. The Indicator stands at -11.4 points, marking a 0.9 point increase from the last month. However, the economic situation in Germany is witnessing a significant decline. The corresponding Indicator has dropped 8.1 points to a new low of 79.4 points, the lowest in three years.

Financial market experts’ assessment of Germany’s current economic situation is more pessimistic than it was in August 2023. This development considers the marginal improvement in expectations for Germany’s economic situation for the upcoming six months. The higher economic prospects for Germany align with a significantly more optimistic outlook on international stock market developments. This is partially attributed to an increase in participants expecting stable interest rates in the Eurozone and the United States. Additionally, experts anticipate further relaxation in China’s interest rate policy, as noted by ZEW President Professor Achim Wambach on the survey results.

Financial market experts’ sentiment regarding economic growth in the Eurozone has declined in September and currently stands at -8.9 points, which is 3.4 points lower than last month’s value. The index for the Eurozone situation also saw a minor decrease, dropping 0.6 points to a new reading of -42.6 points.