ZEW research finds economic sentiment in Germany has been weakened by uncertainty

Economic sentiment in Germany slid last week following signs the recovery is slowing, according to the Centre for European Economic Research (ZEW) in Mannheim.

The ZEW Indicator of Economic Sentiment for the country dropped by 17.1 points this month. It now stands at 28.7, down from 45.8 the previous month. The indicator's historical average is 27.4 points. However, the current conditions indicator rose in June by 13.7 points to -7.9, while the economic expectations for the eurozone fell 18.8 points over the month to -40.8. ZEW says economic sentiment has been weakened by uncertainty around future developments in the southern European debt crisis, and the need for public spending cuts in EU member countries. "The current recovery is still...