German economic confidence fell in July due to weak exports, political uncertainty, and unclear monetary policy.
German economic confidence fell for the first time in a year in July due to weak exports, political uncertainty, and unclear future monetary policy. The economic sentiment index dropped sharply to 41.8 from 47.5 in June, while the current situation improved slightly to -68.9 from -73.8. ZEW President Achim Wambach attributed the decline to a decrease in German exports in May, political uncertainty in France, and a lack of clarity regarding the European Central Bank's future monetary policy.
July 16, 2024
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