Economic Buzz: German ZEW Economic Sentiment Lowest Since September 2012

German ZEW Indicator of Economic Sentiment for Germany shed 7.9 points in June, to stand at minus 16.1 points, its lowest level in over five-and-a-half years, survey data from the Centre for European Economic Research or ZEW showed Tuesday. This is the lowest reading since September 2012 and well below the long-term average of 23.3 points, ZEW said. The current conditions index of the survey dropped 6.8 points to a score of 80.6 points.