Germany: Economic sentiment worsens in February
Latest reading: Economic sentiment fell to 93.0 in February, following January’s 93.2. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In February, sentiment darkened in the services sector (+3.6 vs +5.5 in January) and among consumers (-10.3 vs -9.3 in January). On the flipside, sentiment turned more upbeat in the industrial sector (-15.2 vs -17.3 in January) and the construction sector (-9.4 vs -10.8 in January). Sentiment in the retail sector was stable from January at -24.9.