Germany: Economic sentiment falls to a seven-month low in September
Latest reading: Economic sentiment fell to 89.3 in September from August’s 90.5. September’s result marked the worst reading since February. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the industrial and retail sectors as well as among consumers. More positively, September noted healthier sentiment in the construction sector and stronger confidence in the services sector.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index rose in September.