Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones. 

This morning’s July Eurozone Economic Sentiment decelerated for the 5th straight month, coming in at -12.2. That's the lowest level since December 2022. In this report, Germany was even worse, coming in at -14.7 and at the worst level since December 2022. Germany’s current conditions absolutely collapsed in this report to -59.5!  

CHART OF THE DAY: Germany's Economic Sentiment Collapses - Picture1