Recent economic data from Germany continues to show that the German economy is struggling. Specifically:
- The German Consumer Price Index (CPI) recorded an annual growth of 1.9% in August, which met expectations but was lower than the previous reading of 2.3%. It is also below the European Central Bank’s target rate of 2%, indicating weak consumption within the German economy. The Industrial Production Index declined month-on-month, recording a contraction of 2.4%, which is below expectations (-0.4%) and the previous reading (1.7%).
- The German ZEW Index for current economic expectations in September registered a contraction of 84.5, which is below expectations (-80.0) and the previous reading (-77.3), marking the lowest level since May 2020.
- The German ZEW Index for economic sentiment in September recorded...
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