• Prior 6.9
  • Current conditions 3.2 vs 18 exp. Prior 25.4
  • First negative number since Nov 2012

That’s a collapse and a half in the German business index

The folks at ZEW say;

  • Disappointing figures concerning incoming orders, industrial production and foreign trade have likely contributed to growing pessimism
  • Geopolitical tensions and weak economic developments in some parts of eurozone a source of persistent uncertainty

I’m going to rename the eurozone the deadzone

German ZEW economic sentiment 14 10 2014

German ZEW economic sentiment 14 10 2014