The latest German economic data still shows that the German economy is experiencing weakness, as:
- The German Consumer Price Index (CPI) for November showed an annual growth of 2.2%, which is lower than the expected 2.3%, but higher than the previous reading of 2.0%.
- The German ZEW Indicator of Economic Sentiment for November declined to a contraction of 91.4, which is lower than the expected -86.0 and the previous reading of -86.9.
- The German ZEW Indicator of Economic Sentiment for the German economy in November showed a growth of 7.4, which is lower than the expected 13.2 and the previous reading of 13.1.
- The Purchasing Managers’ Index (PMI) for November showed a contraction at 43.0 points, which is lower than the expected 43.2, but in line with the previous reading.
- Retail sales on a monthly basis contracted by 1.5%, which is lower than the expected -0.5% and the previous reading of 1.6%.
Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.