Economic Buzz: German ZEW Economic Confidence Weakens To 9-Month Low In July

Germanys economic confidence weakened to a nine-month low in July, survey data from the ZEW-Leibniz Centre for European Economic Research showed on Tuesday. The economic confidence index declined to -24.5 in July from -21.1 in June. This was the lowest score since October 2018. The expected reading was -22. The current conditions index fell to -1.1 in July from 7.8 in June. The expected score was 5. The euro area economic confidence dropped 0.1 points to -20.3 in July. At the same time, the current conditions index fell 6.9 points to -10.6.