German ZEW economic expectations fall to 28.1 points in October

Germany’s ZEW economic expectations index fell to 28.1 points in October from 34.7 in September. The indicator measures investors’ and analysts’ assessments of the outlook over the next six months.

The result was below the 30-point forecast reported by Trading Economics. However, the assessment of Germany’s current economic situation improved, with that index rising from minus 47.1 points to minus 35.9 points.

The eurozone expectations index declined to 18.5 points from September’s 25.8. Analysts had expected a fall to 23.6 points, according to Interfax.

The assessment of the eurozone’s current economic situation also weakened. That indicator stood at minus 14.8 points, compared with minus 13.9 points a month earlier.