Consumer confidence is dropping in the European powerhouse of Germany, with the ZEW sentiment falling more than expected to 12.1 points. The silver lining comes from the Current Conditions figures, which actually advanced from 65.7 to 67.4 points.
It seems that the worries about global growth cause fear, but the current situation is OK.
Read the rest of the article German ZEW Economic Sentiment falls to 12.1 – below expectations