Germany ZEW Economic Sentiment For August 19.2 Vs. 32.6 Est.; 41.8 Prior
Portfolio Pulse from Benzinga Newsdesk
The ZEW Economic Sentiment Index for Germany in August came in at 19.2, significantly below the estimated 32.6 and the previous month's 41.8. This indicates a sharp decline in economic sentiment.
August 13, 2024 | 9:16 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The ZEW Economic Sentiment Index for Germany in August fell to 19.2, missing estimates and showing a sharp decline from the previous month. This could negatively impact the iShares MSCI Germany ETF (EWG) as it reflects worsening economic sentiment in Germany.
The significant drop in the ZEW Economic Sentiment Index suggests a worsening economic outlook for Germany, which could lead to a decline in the value of the iShares MSCI Germany ETF (EWG) as investors react to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80