Prior 39.3Current conditions -78.7 vs -78.0 expectedPrior -80.0
We have misses across the board here but this is not going to change anything for the ECB, so it shouldn’t matter much.
The agency said: “The overall mood is characterised by a fall in confidence in the capacity of Germany’s economic policy to tackle the pressing issues. Although the investment programme is likely to provide economic stimulus, the structural problems continue to exist”.
This article was written by Giuseppe Dellamotta at investinglive.com.