Sudden slowdown in economic expectations in Italy, while confidence is growing again in Germany. The Zew index relating to our country, after reaching its highest since last month in 2010, dropped by 4,9 points in October, from 32,2 to 27,3. The index relating to the current economic conditions for Italy was also down, standing at -85,4 for the month of October, down by 1,2 points.
Opposite trend in Germany, where analysts and investors improved their expectations on the country's economic activity, so much so that the index rose up to 52,8 points against a consensus of 49,6, the same level as in September. This is the new high since April 2010,
However, the component relating to current conditions is below forecasts, from 30,6 points in September to 29,7, against a consensus of 31,0.
The economic improvements underway in the Eurozone and in Germany itself are pushing up the German index, while the debate on the US debt ceiling has curbed optimism less than expected.
